Tron Founder Justin Sun Invested in Bottoming Altcoin

Tron founder Justin Sun continues to invest in Ethereum (ETH).

Blockchain analysis platform Spot On Chain drew attention to Justin Sun's recent cryptocurrency movements. Sun's wallet TT2T1 deposited 89.57 million USDT to Binance via the TRON network 17 hours ago. Following this move, a new wallet, 0xdbf, withdrew 9,338 ETH (approximately $32.9 million) and 40 million USDT from Binance 1 hour ago.

He made a billion dollar purchase

These new purchases by Justin Sun once again reveal his interest in Ethereum. Last February and April, Sun allegedly purchased a total of 345,721 ETH (currently worth approximately $1.21 billion) through two wallets (0x7a9 and 0x435).

Sun is known as an influential name in the cryptocurrency market, and this latest move is interpreted as a strategy to benefit from Ethereum's price declines. These major purchases by Sun, an important figure in the cryptocurrency world, give important signals for investors who follow market movements closely. This development is being watched carefully in the cryptocurrency markets and is thought to have potential effects on the future movements of Ethereum.