Justin Sun, the founder of Tron, made some important moves in the cryptocurrency market as Bitcoin recovered from its recent decline and climbed above $ 30,000.
According to blockchain data, Sun has recently withdrawn $15.36 million worth of stablecoins from various liquidity pools on Binance Smart Chain (BSC) and transferred some of them to centralized exchanges (CEX).
He invested $9.13 million in BUSD, USDT, USDC and TUSD in Binance and $5 million in USDD in Huobi. It has also withdrawn $250,000 of TUSD from Binance and added liquidity to the TSUD-WIN pool on BSC.
On the Ethereum chain, Sun has requested to withdraw all 15,805 stETH from Lido Finance, a decentralized platform that allows users to stake their ETH and earn rewards. Sun bought 15,570 ETH at an average price of $1,199 ($18.67 million) from Poloniex in June last year and has staked 15,560 ETH (currently worth $28.5 million) on Lido since February 27 (115 days ago). .
It was noteworthy that the Sun moves came after the Bitcoin price suddenly climbed above $ 30,000.
*Not investment advice.