The smart money address that built a position in SUN three years ago and sold it recently may be an address associated with Justin Sun or the TRON Foundation
PANews reported on August 26 that according to on-chain analyst @ai_9684xtpa's monitoring, the "smart money that built a position in SUN three years ago" may be related to Justin Sun or the Tron Foundation. The transaction records three years ago show that more than 20 addresses that had previously had financial dealings with him were all marked by Arkham as addresses associated with Justin Sun.
After selling $1.18 million worth of SUN yesterday afternoon on the chain, this address has also dumped $1.68 million worth of tokens in the past four hours.
From the dump yesterday to now, the SUN token price has fallen 18.4%; the address still holds 6.25 million SUN, worth $1.03 million. Previously, this address had sold a total of 27.45 million SUN on the chain, about $1.18 million, at an average price of $BTC
