Justin Sun, the founder of Tron, has seized the opportunity presented by the recent surge in Ethereum prices. Following a 29% increase in Ethereum's value due to a significant rise in the overall cryptocurrency market led by Bitcoin, Sun decided to sell a portion of his Ether holdings. Institutional traders, dormant whales, and individual traders like Justin have all taken advantage of the recent price movements. Ethereum is currently trading in the $3,100s range, reaching a peak of $3,240.29 on November 11th. Sun began selling his Ether at $3,202, resulting in an estimated profit of $69.36 million, representing a 5.69% gain. On-chain data indicates that Sun has been actively involved in maximizing the price movements of Ethereum. Other whales have also been observed making significant transactions, indicating their continued influence on the market amidst Ethereum's recent 30% surge. Read more AI-generated news on: https://app.chaingpt.org/news

#ETH