According to TechFlow, on August 5, according to the monitoring of on-chain analyst Yu Jin, a new address suspected to belong to Justin Sun used 37 million USDT to purchase 16,236 ETH in the past 3 hours, with an average price of 2,279 US dollars. The address was created 3 hours ago and withdrew 38 million USDT from HTX, and then spent 37 million USDT on the chain for transactions.
Reasons why this address may belong to Justin Sun include:
In the past two days, Justin Sun transferred 210 million USDT to HTX;
USDT withdrawals come from large transactions of HTX;
The operating behavior of this address is consistent with the multiple addresses that Justin Sun previously used to purchase ETH.
