Justin Sun Bags over $405 Million in Ethereum (ETH) in Days

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The wallet that stacked up $405.19 million worth of Ethereum, as linked to Justin Sun, has a relatively young age of about three weeks. Older records show that other wallets associated with Justin Sun have been making similar acquisitions overall. show that a wallet linked to Sun acquired a total of 168,369 ETH worth approximately $487 million at $2,894 between Feb. 12 and Feb. 24. These were made on both Binance and decentralized exchanges .

With the two wallets stacking up a total of 295,757 ETH valued at $891 million at an average price of $3,014, it becomes obvious that the whale might know something.For Justin Sun, huge trades linked to him are typically justified as a way to spread liquidity across his various business ventures. There are featuring Shiba Inu , as Sun is ranked as one of the biggest whales holding Shiba Inu at a time.

While Ethereum remains the de facto smart contract pioneer with a robust DeFi ecosystem, the Justin Sun trades are essentially further proof that the ecosystem leads in terms of liquidity influx.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.

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