Justin Sun Moves $320M in Ethereum as Crypto Market Faces Pressure

Bitget App

Trade smarter

Cryptodnes2025/01/14 10:11

By:Cryptodnes

Tron founder Justin Sun executed over $320 million in Ethereum (ETH) and staking token transfers to HTX within 24 hours, even as the crypto market experiences a sharp downturn.

This move comes as Bitcoin slid from $95,000 to $90,300, pushing the global crypto market cap down by over 4.2% to $3.17 trillion.

Sun’s transactions included 96,591 ETH worth $316 million, alongside smaller transfers of Ether.fi (ETHFI) and EIGEN tokens.

He acquired the ETH at an average price of $3,275, indicating a possible strategy to leverage HTX trading opportunities. Meanwhile, Ethereum’s price has dropped 20% in the last month and now trades at $3,150.

Crypto Market Continues to Struggle – Bitcoin Briefly Dips to $90,000

Sun has a history of large-scale transfers, having moved substantial amounts of ETH to HTX in late 2024 following unstaking actions.

These high-profile activities, alongside others like Arthur Hayes’ recent ENA token transactions, highlight the role of major players in influencing market dynamics during volatile periods.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.The implementation of the tariffs was delayed to Tuesday at 12:01 am.Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.

The Block•2025/02/02 02:55