Justin Sun owns the Poloniex exchange and, as a crypto founder with many top Web3.0 companies in his portfolio, the recent funds movement, which iswith him, can mean a lot of things. First, Justin Sun may set his eyes on gradual liquidation to take advantage of the recent bouts of price surges that Ethereum has experienced over the past few months.
According to an extensive review of the associated wallet address, it was discovered that Justin Sun is a functional trader in the Decentralized Finance ecosystem, partaking in a series of staking activities from which he earns regular rewards. As a platform that supports staking, part of the reason for moving the funds to Poloniex might be to also stake it there as he has aAnother plausible reason is to cushion liquidity on the Poloniex exchange.
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