Tron boss Sun Yuchen lavishly spent $245 million to settle at HTX, ETH price soared after Christmas, the bull market is coming!

Tron’s owner Sun Yuchen is at it again, this time he transferred a large amount of ETH to his cryptocurrency exchange HTX.

According to data tracking platform Spot on Chain, on Christmas Eve, when the ETH price started to rise, Sun Yuchen transferred over 70,000 Ethereum, worth a total of $244.9 million!

These ETH were not just randomly sourced by Sun Yuchen; part of it was redeemed from Lido Finance, and the other part came from EtherFi.

Since November 10, Sun Yuchen has transferred nearly 179,000 Ethereum to HTX, totaling a staggering $645 million, with each transaction being quite high, basically around the peak price at that time.

Although Sun Yuchen has been depositing money into HTX during this period, he has also sold a considerable amount of Ethereum.

However, he mentioned that this flow of funds is merely an internal operation of the trading platform, aimed at adjusting liquidity, and not because he is pessimistic about Ethereum.

At the time of this transfer, the price of ETH had just started to rebound around Christmas, and now the price of ETH has risen by 2.63%, reaching $3,490.82.

In the past 24 hours, its price rose from a low of $3,385 to a high of $3,535, before stabilizing at the current level.

Some analysts say that the price of ETH may have bottomed out, and it might soar in the bull market, potentially reaching five figures!

As for the upcoming layout direction, I will guide everyone to target the high-profit opportunities in altcoins, with an expected gain of over 10 times being quite feasible. Like + comment, and let’s layout the entire bull market together!

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