Justin Sun has been accumulating Ethereum (ETH) since February and has been taking an active role in the cryptocurrency market.
CryptoQuant CEO Ki Young Ju announced Justin Sun's $420 million Bitcoin (BTC) position in his latest post. June's "Bitcoin whales on HTX opened long positions at $69K." Referring to his tweet, Ju claimed that one of these whales was Justin Sun.
CryptoQuant CEO stated that Justin Sun opened a significant long Bitcoin position at $ 67,000 and that this position is worth at least $ 420 million in total.
Ju explained that Justin Sun used his own stablecoin project stUSDT, which offers 46% APY, to fund this position. He stated that Sun showed USDT worth $460 million as collateral.
While Ki Young Ju emphasized that 89% of the stUSDT supply is held in HTX, one user asked how he could prove that Justin Sun was this person. Ju answered this question with Justin Sun controlling the vast majority of the stablecoin supply:
"stUSDT holds 96% of its supply, so it's probably Justin Sun. If not, then it must be client funds. But I don't think all of those clients agreed to open $420 million long positions in just one week."
Stating that it was possible for Justin Sun to manage the 46% APY protection order, Ju emphasized that Justin played a role in this process in any case.
Some users speculated that Justin Sun would be the next SBF and HTX would be the next FTX.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
