Tron creator Justin Sun’s group is capturing the eyes of crypto lovers in the crypto area by moving 41,630 ETH, worth $146 million, to centralized exchanges. This relocation comes after Ethereum’s remarkable 60% rally over the past month, skyrocketing to $3,860. Many in the crypto neighborhood are questioning: Is Sun cashing out revenues or tailoring up for a larger move?
Justin Sun’s Team Offloading ETH Massively
Spotonchain exposed that Justin Sun’s group hasactually been actively moving Ethereum into centralized exchanges. Since Ethereum’s rate started climbingup in November, Sun’s group hasactually transferred a shocking 41,630 ETH, valued at around $146 million.
Later, it was discovered that most of these funds like 39,000 ETH (around $137 million) were moved to at HTX exchange, while 2,630 ETH (roughly $8.76 million) were sentout to Poloniex.
However, these deposits were made at an average Ethereum rate of $3,505, raising interest about the timing and function behind these relocations.
Adding to the enjoyment, simply 8 hours ago, Sun transferred another 20,000 ETH, valued at $76.3 million, into HTX as Ethereu