Significant Ethereum (ETH) transactions have been made by Tron (TRX) founder Justin Sun and Ethereum co-founder Vitalik Buterin, both well-known figures in the cryptocurrency world for their strategic moves.
First, Vitalik Buterin, the co-founder of Ethereum, transferred $8.05 million worth of ETH to his multi-signature wallet.
According to Lookonchain, Buterin moved 3,000 ETH ($8.05 million) to this wallet, and it’s speculated that this transaction might be a donation.
Justin Sun Prepares to Sell Ethereum!
Meanwhile, an address linked to Justin Sun deposited $43.41 million worth of ETH into the HTX exchange.
As reported by on-chain analyst Ember CN, an address associated with Tron founder Justin Sun transferred 16,236 ETH (approximately $43.41 million) to the HTX crypto exchange around an hour ago.
Shortly after, 4,500 ETH from this amount was moved from HTX to Binance. This address had previously spent 37 million USDT on August 5 to acquire ETH at an average price of $2,279.
Within just 4 days, this address made a profit of $6.41 million through ETH transactions, as noted by Ember CN.
“The address, suspected to belong to Justin Sun (0x5ac…17e), transferred the ETH it purchased at the market low on August 5th to HTX an hour ago. Could this be a move to take profit?
Following the market drop on August 5, this address invested 37 million USDT to buy 16,236 ETH at an average price of $2,279.
An hour ago, this 16,236 ETH ($43.41 million) was transferred to HTX, and soon after, 4,500 ETH was sent from HTX to Binance.
Since August 5, the value of these ETH holdings has increased by $6.41 million (+17.3%) in just 4 days.
As of now, Ethereum is trading at $2,671.” #ethereum #ETH🔥🔥🔥🔥 #TRONNetwork. #Cryptocurrencies #TRX✅