Tron Founder Justin Sun Suddenly Moves $132 MillionTron Founder Justin Sun Suddenly Moves $132 Million in Ethereum (ETH) – What’s Next for Cryptocurrencies?

#FutureofDeFi #DeFiChallenge #DeFiEthereum2.0

Tron (TRX) founder Justin Sun suddenly moved hundreds of millions of dollars from Ethereum (ETH), according to on-chain data.

Crypto tracker Lookonchain first spotted Sun’s $132 million ETH trading series. According to Lookonchain, Sun will withdraw its massive Ethereum holdings of 80,251 ETH to liquid staking service provider Lido (LDO).

“So far, he has successfully withdrawn and deposited 43,000 ETH ($70 million) on Binance.” Sun sent the ETH stack to a crypto exchange, so it can be sold on the open market. Lookonchain also monitors the movement of crypto addresses associated with Ethereum co-creator Vitalik Buterin. On-chain data trackers show that the address has the potential to deposit 1,000 ETH (equivalent to $1.64 million) on cryptocurrency exchange Bitstamp.

“This address has deposited a total of 4,400 ETH ($7.23 million) into Bitstamp over the last two months.

This address received 70,000 ETH ($115 million) from Vb3 and is believed to be associated with vitalik.eth (possibly the vitalik.eth address). » At the time of writing, Ethereum is trading at $1,628.83, down less than 1% in the last 24 hours. The second-largest crypto asset is still 66.51% below its all-time high of $4,878, set in November 2021.

in Ethereum (ETH) – What’s Next for Cryptocurrencies?

#FutureofDeFi #DeFiChallenge #DeFiEthereum2.0

Tron (TRX) founder Justin Sun suddenly moved hundreds of millions of dollars from Ethereum (ETH), according to on-chain data.

Crypto tracker Lookonchain first spotted Sun’s $132 million ETH trading series. According to Lookonchain, Sun will withdraw its massive Ethereum holdings of 80,251 ETH to liquid staking service provider Lido (LDO).

“So far, he has successfully withdrawn and deposited 43,000 ETH ($70 million) on Binance.” Sun sent the ETH stack to a crypto exchange, so it can be sold on the open market. Lookonchain also monitors the movement of crypto addresses associated with Ethereum co-creator Vitalik Buterin. On-chain data trackers show that the address has the potential to deposit 1,000 ETH (equivalent to $1.64 million) on cryptocurrency exchange Bitstamp.

“This address has deposited a total of 4,400 ETH ($7.23 million) into Bitstamp over the last two months.

This address received 70,000 ETH ($115 million) from Vb3 and is believed to be associated with vitalik.eth (possibly the vitalik.eth address). » At the time of writing, Ethereum is trading at $1,628.83, down less than 1% in the last 24 hours. The second-largest crypto asset is still 66.51% below its all-time high of $4,878, set in November 2021.