Cryptocurrency Billionaire Justin Sun Makes New Moves After Recent Rises

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Bitcoinsistemi2024/12/09 04:00

By:Mete Demiralp

Justin Sun, one of the wealthiest names in the cryptocurrency world, has made new moves according to onchain data.

According to data provided by crypto onchain tracker Spot On Chain, Tron founder Justin Sun made a series of moves after the Ethereum price surpassed $4,000.

Justin Sun Started Selling His Accumulated ETH After Ethereum's Rise

According to Onchain data, 29,920 ETH worth $119 million was transferred from Sun-affiliated cryptocurrency wallets to cryptocurrency exchange HTX immediately after the ETH price surpassed $4,000.

Sun, one of the wealthiest names in the crypto world, gradually accumulated his ETH stash from February to August this year, amassing a total of 392,474 ETH. Sun paid a total of $1.19 billion for these tokens, spending an average of $3,027 per ETH.

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In addition, with the rise in the cryptocurrency market, Justin Sun made other moves. Again, according to onchain data, Sun transferred $ 1.44 million worth of EIGEN and $ 516 thousand worth of ETHFI tokens to the cryptocurrency exchange HTX. He obtained both of these tokens by staking ETH.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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