In the past 32 hours, an anonymous cryptocurrency wallet purchased 54,721 Ethereum (ETH), equivalent to $154.4 million, from Binance and decentralized exchanges. The identity of the wallet owner is unknown, but speculation is rife that it could be TRON founder Justin Sun.
The wallet known as “TWGHNc” deposited 50 million USDT to Binance in just 30 minutes. Interestingly, the same wallet had withdrawn a staggering 500 million USDT from HTX yesterday. The size of these transactions has led some to believe that only someone like Justin Sun could handle such large withdrawals from HTX.
Adding to the speculation, the transactions of wallet “TWGHNc” appear to be quite consistent with another wallet, “0x7a95”. On February 7, TWGHNc deposited 5.41 million USDT to HTX and withdrew 1,100 ETH from 0x7a95 HTX the next day. Similarly, on February 1, TWGHNc deposited 50 million USDT to Binance, and on February 12, 0x7a95 withdrew 9,959 ETH from Binance.
On February 18, TWGHNc deposited 200 million USDT to Binance. On the same day, 0x7a95 withdrew 29,875 ETH (84.3 million USD) and 100 million USDT from Binance. The timing and amounts of these transactions seem too significant to be ignored.
While the evidence is compelling, it is important to note that these links are based on on-chain data and remain speculative. The wallet that made the large ETH purchase today may be related to Justin Sun, but this will remain just a guess until confirmed.
*This is not investment advice.