Tron (TRX) founder Justin Sun, who has made a name for himself with his transactions and moves in the cryptocurrency market, made another purchase.
According to a post by blockchain analysis firm PeckShield Alert, an address labeled Justin Sun purchased $13.8 million worth of Ethereum (ETH) from Binance.
It is noteworthy that the ETH purchase came right after Justin Sun withdrew large amounts of Shiba Inu (SHIB) tokens from Binance.
“Address 0x9FCc…19Fe (related to Justin Sun) withdrew 6,166 ETH (valued at approximately $13.8 million) from Binance.”
ETH price experienced a decline from $2270 in the morning hours today. ETH, which dropped to $ 2,200, continues to be traded at $ 2242 at the time of writing.
The fact that Justin Sun's purchase came after the decline in ETH did not go unnoticed by the community.
*This is not investment advice.