It has been reported that both #JustinSun , the creator of #TRON , and #VitalikButerin , the co-founder of #Ethereum , purportedly executed transfers of Ethereum (ETH) from their well recognised wallets.
According to reports, Justin Sun executed a withdrawal of 23 thousand ETH, which is valued at about $37.7 million, through Lido Finance. The entirety of this amount was subsequently moved to a newly created address, identified as 0x454. In spite of the substantial transaction, it is evident that Sun refrained from selling his Ethereum (ETH) holdings. It is noteworthy that an additional location associated with HTX (Huobi) executed a withdrawal of 42,999 ETH from Binance shortly after Sun made a deposit of ETH to Binance and then staked it on Lido.
Sun has previously taken notable strategic actions on many occasions. On October 5th, a withdrawal of 19,000 ETH (equivalent to $32.8 million) was made from Lido Finance and subsequently put into Binance.
Prior to this event, the individual in question had made a deposit of 5,000 ETH, equivalent to $9.2 million, to the Houbi platform at a rate of $1,841 per ETH. This transaction occurred on August 12, 2023, shortly before a significant market downturn, resulting in a decline of almost 14% in the value of ETH.
In contrast, it is noteworthy that Vitalik Buterin executed a transfer of a comparatively lesser quantity of 1,000 ETH (equivalent to $1.64 million) to the address 0x556 on the present day. In contrast, Vitalik Buterin executed a transaction involving a comparatively lesser quantity of 1,000 ETH (equivalent to $1.64 million) to the address 0x556 earlier today. It is worth mentioning that Mr. Buterin has made a cumulative deposit of 2.6 thousand ETH, equivalent to $4.2 million, to Bitstamp and Paxos using the specified address starting from September 17th.