Justin Sun: Tron (TRX) Founder Accumulates $891 Million in Ether (ETH) via DEXs and Binance

IconCrypto News Terminal22 Apr, 2024

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Justin Sun: Tron (TRX) Founder Accumulates $891 Million in Ether (ETH) via DEXs and Binance

Justin Sun, the founder of Tron (TRX), has been accumulating Ether (ETH) via decentralized exchanges (DEXs) and Binance. On-chain data analytics firm Lookonchain analyzed via X that an address believed to be owned by Sun has amassed a total of 127,388 ETH ($405 million) from Binance and DEXs since April 8th. This wallet address was created on the Ethereum network in late March and has previously withdrawn $96.8 million worth of stablecoins from Binance. Another address believed to be owned by Sun also purchased 168,369 ETH ($487 million) between February 12th and 24th. Lookonchain said, "If the two wallets with similar transaction patterns indeed belong to Justin Sun, this means that he has accumulated a total of 295,757 ETH ($891 million since February 12th." Previously on 21 April 2024, Justin Sun was reported to have accumulated a total of 127,388 ETH ($405 million) from Binance and DEXs since April 8th.

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