- A whale wallet acquires $487M of ETH in two weeks, fueling speculation in the community.
- The wallet is suspected to belong to Justin Sun.
- Ethereum’s value breaches $3,000 as the wallet continues to build its positions
In a recent revelation, a wallet believed to be associated with Tron magnate Justin Sun has spent a significant amount of Ethereum. Reports from Lookonchain unveil a staggering purchase of 13,780 ETH, valued at approximately $41.24 million, from cryptocurrency exchange Binance within the last 12 hours.
The suspected #JustinSun wallet bought 13,780 $ETH($41.24M) from #Binance again 12 hours ago.He bought 168,369 $ETH($487M) at $2,894 from #Binance and #DEX in less than 13 days!https://t.co/HOLrbULDJB pic.twitter.com/zhJMQJGgq9
— Lookonchain (@lookonchain) February 25, 2024
This transaction adds to a series of substantial acquisitions totalling 168,369 ETH, equivalent to approximately $487 million, within a mere two weeks. The frequency of these transactions is increasing and has captured attention across the cryptocurrency sphere.
On Feb. 23 alone, the suspected wallet procured an additional 18,616 ETH ($54.57M), following previous purchas…
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