Justin Sun, a prominent figure in the cryptocurrency market, has once again made headlines with his latest transaction. According to Onchain data, Sun transferred five different tokens, worth approximately $16.2 million in total, to the HTX exchange.
According to information shared by blockchain analyst ai_9684xtpa, the transfer took place on the night of March 31st. The transferred assets included approximately $2.53 million worth of TRON (TRX), while the largest share consisted of stablecoins totaling $13.45 million. These stablecoins included Tether (USDT), USD Coin (USDC), and USDD (USDD).
In addition, smaller amounts of different tokens were also transferred. Approximately $12,700 worth of FF, $75,000 worth of KERNEL, and $132,000 worth of LIT tokens were reportedly sent to HTX. These three assets are said to be airdrop tokens distributed to users as part of restaking projects.
Experts believe that the deposit of FF, KERNEL, and LIT tokens, particularly those obtained through airdrops, onto exchanges could signal preparations for a potential sell-off. However, no official statement has yet been made regarding the transaction.
Market observers note that such high-value transfers could put downward pressure on prices in the short term, while investors continue to closely monitor similar movements.
*This is not investment advice.
