Justin Sun is believed to have purchased $160 million in Ethereum

Founder of TRON, Justin Sun’s suspected address got $160 million in Ether. On Sunday, 500 million USDT had been withdrawn from the HTX by the same address.

Justin Sun is believed to have purchased $160 million in Ethereum

Slowly rising prices allows big investors to invest in the cryptocurrency industry, while investors are expecting a bull season in a short time.

According to the information provided by the on-chain tracking platform Lookonchain, an account suspected to be related to Justin Sun received 54 thousand 721 Ether or approximately $160 million in 2 days through both Binance and decentralized exchanges, after withdrawing 500 million USDT from the HTX on Sunday.

Lookonchain also revealed the connection between the wallet address, which it stated as “TWGHNc”, with another wallet. It did not go unnoticed that the “0x7a95” wallet was making parallel movements with the other wallet and withdrawing crypto from the exchanges after the purchases.

Recent purchases confirmed the two addresses’ are connected with each other. For example, the address “TWGHNc” deposited $200 million to the Binance the other day (February 18), and on the same day, the address “0x7a95” withdrew half of this money from the exchange as ETH and the other half as USDT.

Leave a Comment