Justin Sun, founder of the Tron blockchain and advisor to HTX exchange, has moved his ETH assets from various platforms to HTX. Recently, he withdrew 39,999 ETH from staking protocols and shifted them to the exchange.
Details of Justin Sun's Transfer
Known for his impact on the crypto market, Justin Sun has, over the past seven days, withdrawn 39,999 ETH (worth around $143 million) from Lido Finance and Etherfi staking protocols and moved them to HTX, where he serves as an advisor. Since November 10, Sun has sold off 108,919 ETH, worth approximately $400 million, at peaks in the asset's value.
Sun's Next Moves
Following the increase in Ethereum's value, Sun has opted to reduce his holdings in the cryptocurrency. Currently, he still holds 42,904 ETH on Lido Finance (valued at around $139 million), which might also be transferred to HTX soon.
Market Reaction to Sun's Actions
According to CoinMarketCap, Ethereum's price has dipped below the $3 mark, possibly influenced by Justin Sun's recent actions. The market is actively discussing his strategies and their impact on cryptocurrency prices.
Justin Sun's actions are attracting attention from analysts and traders watching his next moves in the Ethereum market. Future transfers by Sun could have significant effects on market prices.
