Tron’s boss Justin Sun has done it again, this time transferring a large amount of ETH to his cryptocurrency trading platform HTX.

According to data tracking platform Spot on Chain, Justin Sun transferred about 70,000 Ethereums on Christmas Eve, when the price of ETH just started to rise. The total value of these ETHs is 244.9 million US dollars!

These ETHs were not found by Justin Sun from anywhere. Some of them were redeemed from Lido Finance, and the other part came from EtherFi.

Moreover, starting from November 10th, Justin Sun has transferred nearly 179,000 Ethereums to HTX, with a total price of up to US$645 million. The price of each of his transactions was quite high, basically near the peak at the time.

Although Justin Sun has been depositing money into HTX during this period, he has also sold a lot of Ethereum.

However, he himself said that these capital flows are actually just operations within the trading platform to adjust liquidity, not because he is no longer optimistic about Ethereum.

When Justin Sun made this transfer, the price of ETH just began to rebound around Christmas. Now the price of ETH has risen by 2.63% to US$3490.82.

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

Some analysts say that the price of ETH may have bottomed out, and it may continue to soar in the bull market, perhaps even reaching five figures!

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