Justin Sun makes a 21 million investment in Binance

Apart from transferring 3,800 MKR tokens valued at around $9.3 million to Binance, Sun also holds AAVE tokens. MKR serves as the governance token for MakerDAO, a prominent entity in the DeFi sector. With MKR tokens, holders have the authority to vote on matters impacting the Maker protocol, such as the creation of the stablecoin DAI. Sun’s possession of a substantial amount of MKR positions him to potentially impact MakerDAO’s governance decisions or utilize its value for upcoming financial strategies.