Justin Sun's Wallet Deposits $43 Million in ETH to HTX, Transfers to Binance
CryptoNewsTerminal Staff09 Aug, 2024
Justin Sun's Wallet Deposits $43 Million in ETH to HTX, Transfers to Binance
Justin Sun, the founder of Tron, recently deposited 16,236 ETH (approximately $43.41 million) to HTX. This transaction occurred approximately an hour ago, according to a report by AMBERCN via X. Later, 4,500 ETH was transferred from HTX to Binance. This same address acquired 16,236 ETH on August 5th at an average price of $2,279 for 37 million USDT. So far, the estimated earnings are $6.41 million (+17.3%). This news follows a recent trend of large ETH transactions between major exchanges. The reasons behind these transfers are not always clear, but they may be related to arbitrage opportunities or other investment strategies.
