- Tron founder Justin Sun moved $35 million in various tokens, mostly DeFi assets, to Binance in the past week.
- The transfer suggests Sun may be aiming to support Curve Finance’s liquidity.
- Curve Finance’s CRV token plunged due to the liquidation of founder’s loans.
Tron founder Justin Sun transferred a substantial $35 million in cryptocurrency to Binance over the past week, distributed across 12 different tokens. These tokens primarily consisted of DeFi assets, suggesting Sun’s intention to provide liquidity to Curve Finance.
15hrs ago, Justin Sun (@justinsuntron) deposited another $14.3M in 8 assets to #Binance, including:• 3.45M $ETHFI ($12.05M) – claimed from airdrop.
• 6.22M $CRV ($1.96M) – of which 5M $CRV was purchased from Curve founder at $0.4 via OTC last Aug.
• and $333K in 6 other… https://t.co/HD7MolDzBf pic.twitter.com/5XYZgLO9l4
— Spot On Chain (@spotonchain) June 18, 2024
Blockchain data reveals Sun’s latest deposit to Binance included $3.45 million worth of ETHFI ($12.05 million total), reportedly obtained through an airdrop.
Additionally, a transfer of $6.22 million worth of CRV occurred ($1.96 million remaining). Of this, $5 mill…
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