PANews reported on August 26 that according to on-chain analyst @ai_9684xtpa’s monitoring, “smart money that built a position in SUN three years ago” may be an address associated with Justin Sun or the TRON Foundation. Transaction records from three years ago showed that more than 20 addresses that had had financial transactions with him were marked by Arkham as addresses associated with Justin Sun.
Following the on-chain sale of $1.18 million worth of SUN yesterday afternoon, the address has dumped another $1.68 million worth of tokens in the past four hours.
Since yesterday’s sell-off, the SUN price has fallen by 18.4%; the address currently still holds 6.25 million SUN, worth $1.03 million. Previously, the address sold a total of 27.45 million SUN on the chain, worth about $1.18 million, with an average price of $0.04308.
