Justin Sun, the founder of Tron (TRX), has deposited 70,182 ETH (approximately $244 million) to HTX on January 24th (local time), according to SpotOnChain. This deposit is part of a larger pattern of ETH transfers by Sun to HTX, totaling 179,101 ETH ($645 million) since December 10th of last year. Sun's recent ETH deposits to HTX follow a period of unstaking from Lido Finance and EtherFi. The motivations behind these transfers and the implications for HTX and the wider crypto market remain unclear. This news comes amidst a broader trend of increased scrutiny of HTX, a Seychelles-based exchange. In recent weeks, HTX has been the subject of speculation and concerns regarding its liquidity and financial stability. The exchange has denied these allegations and maintains that it is operating normally. Only time will tell what the implications of Justin Sun's ETH deposits to HTX will be. However, these transfers are certainly noteworthy and warrant further investigation.
Justin Sun Transfers $244 Million Worth of ETH to HTX
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ETH
3,496.81
+0.90%
TRX
0.2576
+0.62%
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