Suspected that the address associated with Justin Sun recently purchased Ethereum worth $160.7 million, which may indicate his optimistic view on this cryptocurrency.

According to Lookonchain, the purchase was made through the leading cryptocurrency exchange Binance and various decentralized exchanges (DEX). A wallet with the partial address "TWGHNc" was carefully analyzed for significant transactions, including the withdrawal of $500 million in Tether from HTX (officially Huobi) on Sunday.

The same wallet deposited $50 million on Binance later the same day. Analysts note that Justin Sun could potentially have the means to withdraw such a large sum from HTX.

Further transaction analysis linked the "TWGHNc" wallet to the address "0x7a95," revealing parallel actions between them. On February 7th, "TWGHNc" deposited $5.4 million in HTX, and the following day, a similar amount in ETH was transferred from HTX to the address "0x7a95."

In addition, the $50 million deposit on Binance by "TWGHNc" on February 1st correlates with the subsequent withdrawal of 9,959 ETH from Binance to the address "0x7a95" on February 12th. These transactions involving large sums from HTX suggest that the wallet potentially belongs to Sun, although this is currently speculative.

If Sun were definitively identified in these transactions, it could indicate his interest in Ethereum as the founder of TRON.