Tron founder Justin Sun may be the same individual who purchased $160.7 million in ETH, according to the linked address. 🐳

Ethereum has recently skyrocketed towards $3,000 thanks to whale activity, ETH spot ETFs, and the upcoming Dencun upgrade. 🚀

Analysis of cryptocurrency transactions indicates a connection to wallets associated with Sun. The transaction relationship between the two wallets has attracted attention due to their synchronized activities, indicating a possible connection between them.

In addition to whale activity, the race for spot ETFs on Ethereum has attracted significant attention from major players such as Fidelity, Ark 21Shares, Grayscale, VanEck, Invesco, Galaxy and Hashdex.