Tron (TRX) founder Justin Sun, one of the notable names of the cryptocurrency industry with his investments and statements, came to the agenda again with the Ethereum move.
At this point, Justin Sun is alleged to have purchased a significant amount of Ethereum (ETH).
According to the post by on-chain data provider Spot On Chain, a wallet thought to belong to Justin Sun allegedly purchased 14,436 ETH worth $45.5 million from Binance during the day.
According to the post, this address deposited 45M USDT to Binance 3 days ago.
“9 hours ago Justin Sun allegedly withdrew 14,436 ETH (~$45.5 million) from Binance.
Deposited 45M USDT to CEX 3 days ago; so the purchase price this time was ~$3,117.
Overall, Justin Sun may have purchased 377,188 ETH at ~$3,049 via 3 wallets since February 8th and now has over $50 million (+4.4%) in unrealized profits.”
Justin Sun is well known as an Ethereum trader. Because it is known that Sun made a tremendous profit by selling 340,000 ETH at the peak of Ethereum before the big crash.
*This is not investment advice.