Justin Sun, the founder of the Tron blockchain, has moved his Ether holdings ($ETH ) from various platforms to the crypto exchange HTX (formerly Huobi). Sun acts as an advisor to the exchange. Over the past seven days, Sun has withdrawn 39,999 ETH (worth around $143 million) from the Lido Finance and Etherfi staking protocols and moved it all to HTX.
As Sun shared in a post on X (formerly Twitter), since November 10, when the price of ETH rose significantly, Sun has sold a huge amount of 108,919 ETH (worth around $400 million) to HTX at an average price of $3,674 per coin. These transfers occurred near local peaks, indicating that Sun has made a profit on his investment.
Since Ethereum started to rise, Sun has been selling some of his ETH holdings. The crypto entrepreneur is currently withdrawing a significant 42,904 ETH (worth $139 million) from Lido Finance, which could be sent to HTX in the near future.
According to CoinMarketCap data, Ethereum has fallen below the $3,300 price level, down 1.61% in the last 24 hours and 17.28% in the last 30 days. The digital asset is down 32.77% from its all-time high of $4,891.70 reached in November 2021 and has a market cap of $396.21 billion.#2024Crypto #2024withBinance
