Tron (TRX) founder Justin Sun draws attention with his altcoin moves. At this point, Sun, who has invested in many altcoins, has accumulated Ethereum for a long time.
After this accumulation, Sun, who sells ETH at regular intervals, made another sale.
According to a Spot On Chain post, Justin Sun has deposited a significant amount of ETH to crypto exchange HTX. Accordingly, Sun moved an additional 29,153 ETH worth $96.7 million.
On-chain data also shows that Sun has deposited 227K ETH worth $807 million into HTX at around $3,556 since November 10. He accumulated most of this ETH in the first half of 2024 at an average of $3,036.
Additionally, Justin Sun requested the withdrawal of 96,580 ETH worth $322.7 million from platforms such as Lido Finance and EtherFi.
Finally, Justin Sun deposited 29,153 ETH worth $96.7 million into HTX, along with 249,868 EIGEN worth $884,000.
Justin Sun recently stated in a statement that he did not sell ETH, explaining that the transfers he made to HTX were simple ETH transfers between different wallets.
$77 Million Ethereum Purchase Arrived!
While Justin Sun was selling ETH, an Ethereum whale bought around $77 million worth of ETH during the recent drop.
According to Lookonchain's post, a whale purchased 22,919 ETH worth $77.2 million at $3,368.
According to the data, this whale has made 25 swing trades on ETH and WBTC since August 12, 21 of which were profitable, with a win rate of 84% and a total profit of $4.57 million.
Experts stated that whale purchases have increased and that these purchases are an indication of a potential rise for Ethereum in 2025.
A whale bought 22,919 $ETH($77.2M) at an average price of $3,368 again 4 hours ago.
Since Aug 12, this whale has made 25 swing trades in $ETH and $WBTC, 21 of which were profitable, with a win rate of 84%, and a total profit of $4.57M.https://t.co/LGiKOWKUqz pic.twitter.com/smncJ2Qnhp
— Lookonchain (@lookonchain) December 31, 2024
*This is not investment advice.
