Analysis: Two addresses suspected to be Justin Sun have increased their holdings by about 295,000 ETH since February 12

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PANews
04-22
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PANews reported on April 22 that according to Lookonchain monitoring, a wallet suspected to belong to Justin Sun has deposited 787 million USDT to Binance on Tron since March 31. Also on March 31, a mysterious wallet was created on Ethereum and withdrew $96.8 million worth of stablecoins from Binance. Subsequently, the mysterious wallet began to purchase ETH from Binance and DEX, purchasing a total of 127,388 ETH (about $405.19 million) at a purchase price of $3,172. Justin Sun wallet purchased 168,369 ETH (about $487 million) from Binance and DEX between February 12 and February 24 at a purchase price of $2,894. The transaction behavior of these two wallets is very similar, and it is likely that both belong to Justin Sun

If so, then since February 12, Justin Sun has purchased a total of 295,757 ETH ($891 million) from Binance and DEXs at an average price of $3,014.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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