Tron (TRX) founder Justin Sun, who attracted attention with his altcoin purchases and statements, made a new move.
On-chain analyst ai_9684xtpa said that the address connected to Justin Sun sold $2.86 million worth of SUN tokens in two days.
According to the analyst, an address that has been accumulating SUN tokens for the last three years could be linked to Tron founder Justin Sun or the Tron Foundation.
Accordingly, this address sold SUN tokens worth $1.18 million yesterday, and then sold another $1.68 million today.
“The address that started accumulating SUN three years ago may be the address related to Justin Sun or the TRON Foundation.
When I looked at transactions from three years ago, I saw that all 20+ addresses that were transacting with this wallet were flagged by Arkham as Brother Sun related addresses.
After selling $1.18 million worth of SUN yesterday afternoon, the address sold another $1.68 million worth of tokens today.”
After these sales, the SUN price dropped by 15%.
*This is not investment advice.
