- Justin Sun transferred nearly 67,500 Ethereum over the past year.
- Today, TRON’s founder transferred around 23K ETH worth $43M to Poloniex.
The Founder and Chief Executive Officer (CEO) of TRON, Justin Sun has transferred a huge amount of Ethereum (ETH). As per Etherscan, it is reported that the transfer of 23,000 ETH to Poloniex, the cryptocurrency exchange just earlier.
Justin Sun transferred 23,000 $ETH ($43M) to #Poloniex ~10 mins ago.
— Lookonchain (@lookonchain) July 8, 2023
Justin Sun transferred a total of 67,500 $ETH ($126M) to #Poloniex in 7 transactions over the past year.https://t.co/VTN13dGJ1q pic.twitter.com/fYa4bBI8DS
However, this transaction is worth $42,845,090 according to the current market price of ETH. Meanwhile, such a huge transfer exhibited a $0.60 transaction fee upon a keen look. It is suspicious that TRON’s founder getting involved in a huge whale transfer of ETH.
Justin Sun & His ETH Transactions
As long as the transfer of ETH is happening to Poloniex, the crypto exchange, it resembles that TRON‘s founder holds a huge number of Ethereum There could be chances that Justin Sun plans to execute certain critiques by transferring ETH holdings to Poloniex.
Considering the recent transfer records of Justin Sun, it is evident that he has accounted for a total of 67,500 ETH. And, this amounts to $126 million in the last seven transactions over the previous year. Being the second most cryptocurrency next to Bitcoin (BTC), ETH is surging at 0.11% in the current crypto market.
Alongside, in the last 20 days, Justin Sun has received a minimum amount of ETH such as 0.00005799 and 0.00069696 with negligible transaction fees, says Lookonchain reports.
Moreover, CoinMarketCap shows that the value of ETH is $1,863.04 at the time of writing. On one side, the market capitalization is curating at a 0.16% surge whereas the trading volume has dropped predominantly with a 42.48% fall.
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