Suspicions Arise Around Justin Sun as Ethereum Whale in $160.7M ETH Purchase
Tron’s founder, Justin Sun, is suspected as the ‘Justin Sun EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More Whale’ who potentially acquired $160.7 million in ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More via Binance and other decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... More exchanges. The suspicion arises from traced transactions leading back to wallets associated with Sun. Among these wallets, the one with the partial address ‘TWGHNc’ recently withdrew a massive 500 million USDT in Tether from HTX, formerly Huobi. Another wallet, ‘0x7a95’, has also attracted attention due to its closely timed transactions with the ‘TWGHNc’ wallet. This, coupled with a significant deposit followed by a large withdrawal, fuels speculation that Sun may be behind these activities. Concurrently, Ethereum’s price has been on the rise, breaking past the resistance zone of $2,900 and targeting the $3,600 peak. The bullish trend is also attributed to the competition for spot EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More ETFs, attracting major players such as Fidelity, Ark 21Shares, Grayscale, VanEck, Invesco, Galaxy, and Hashdex.
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