Is Justin Sun Collecting Ethereum? Attention to the 45 Million Preparation!

It was claimed that TRON founder Justin Sun started collecting large amounts of Ethereum (ETH).

According to data provided by the on-chain analysis platform Lookonchain, Justin Sun started buying Ethereum again.

Current data revealed that Sun purchased 1,614 ETH by spending $ 5 million. The founder's average purchase price was recorded as $3,097.

Is it preparation for a $45 million transaction?

Spot On Chain pointed out that Justin Sun recently sent 45 million Tether (USDT) to Binance, the world's largest exchange. Analysts focused on the fact that this transaction could be a preparation for possible new acquisitions.

It has received $1 billion since the beginning of the year

Justin Sun, who frequently stands out with his investments in the cryptocurrency industry, has purchased 362,751 ETH worth $1.1 billion through 3 wallets since February 8, at a cost of $3,047, according to on-chain data.

was selling last month

Sun sold tens of millions of dollars worth of Ethereum through a series of transactions last month. He even went one step further and requested to withdraw 15,804 stETH worth $28.8 million that he had staked on Lido Finance (LDO).

Sun's decision to abandon selling transactions and switch to a buying perspective gave hope to investors.

According to CoinGecko data, Ethereum, which has increased by 1% in the last 24 hours, is traded at $ 3,090 at the time of writing.

Stay tuned for new information