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.
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.