According to Lookonchain’s report, a wallet believed to be owned by Justin Sun bought 18,616 ETH valued at $54.57 million from Binance.
Recently, there’s been a lot of talk about Justin Sun, the founder of Tron (TRX), in the cryptocurrency industry. He’s known for his investments and public statements. Lately, people are paying attention to his activities related to Ethereum.
Justin Sun’s Ethereum Purchases and Trading History
Justin Sun, renowned for his involvement in the cryptocurrency industry, has recently been in the spotlight for his Ethereum transactions. It’s speculated that Sun, who has a history of purchasing Ethereum, may have acquired ETH once again.
According to Lookonchain’s findings, a wallet believed to be owned by Justin Sun recently bought 18,616 ETH from Binance, amounting to $54.57 million. Additionally, within the past 12 days, this wallet has purchased a total of 151,196 ETH, valued at $455.3 million, across both Binance and decentralized exchanges, averaging a price of $2,879 per ETH.
The suspected #JustinSun wallet bought 18,616 $ETH($54.57M) from #Binance again 10 mins ago.
He bought 151,196 $ETH($435.3M) at $2,879 from #Binance and #DEX in less than 12 days!😱https://t.co/pq40KOW7Fi pic.twitter.com/1aZjvWCnvB
— Lookonchain (@lookonchain) February 23, 2024
Sun’s reputation as an Ethereum trader stems from his notable past transactions. He reportedly earned significant profits by selling 340,000 ETH at the peak of Ethereum’s value before a major market downturn. Despite fluctuations, Ethereum is currently trading at $2,945.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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