Sun's Wild On-Chain Moves: Nearly 800 Million Dollars in Ethereum Directed to HTX, Is a Market Storm Coming?
Just now, Justin Sun has made another move, depositing 29,153 ETH (approximately 96.7 million dollars) and 249,868 EIGEN (approximately 884,000 dollars) into HTX. This is not the first major action; since November 10, he has deposited a total of up to 227,000 ETH (approximately 807 million dollars) into HTX! The key point is that most of these ETH were acquired at an average price of 3,036 dollars per coin in the first half of this year, while the current market trading price of ETH is around 3,556 dollars.
What signal does Sun's action send?
Capital Allocation: Such a large deposit may indicate that Sun is preparing for some major plan or adjusting liquidity needs.
Price Strategy: A large influx of chips may trigger market volatility, especially since the ETH market is highly attentive, and any slight movement can cause a ripple effect.
On-Chain Operations: Will the deposited ETH be used for collateral, liquidity provision, or supporting new projects? This is worth further exploration by the market.
Every move of a whale holding nearly 800 million dollars in ETH will impact market sentiment, and the flow and use of this ETH will directly affect ETH's short-term fluctuations and trend direction. Market players, keep your eyes wide open!
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