Justin Sun, founder of Tron, has resumed transferring Ethereum to his cryptocurrency platform HTX. According to analytics company Spot on Chain, the transactions took place on Christmas Eve as the price of Ethereum began to rebound.
Transfers to HTX
According to a report from Spot on Chain, addresses belonging to Justin Sun transferred 70,182 ETH to HTX, worth approximately $244.9 million at the time. Of these funds, 42,905 ETH came from Lido Finance, while the remaining 27,277 ETH came from EtherFi.
Internal Operations and Liquidity Rebalancing
Since November 10th, Justin Sun has sent 179,101 Ethereum, worth $645 million, to HTX. On average, such transactions brought him $3,601, often occurring near local highs. Sun retains 106,905 STETH valued at $372.4 million and 56,277 EETH valued at $195.8 million, along with 25,000 ETH worth $87 million, unstaked from Etherfi. The recent fund movements are part of internal operations and liquidity rebalancing among the trading platform’s wallets, he claims. However, projections suggest that he is offloading Ethereum.
Justin Sun's Position on Ethereum
Justin Sun states that he remains an active investor in the Ethereum network and maintains a positive outlook on its future development.
Justin Sun's transactions highlight his approach to asset management and liquidity on the HTX platform. Despite recent fund movements, he asserts that he continues to support Ethereum and maintains an optimistic view of its future.
