English
Four Days After an Address Associated with Justin Sun Purchases 87,819 ETH
Four days after purchasing more than $250 million worth of ETH, an unidentified address associated with Justin Sun sparked speculation regarding his interest in Ethereum.
In the preceding four days, an address beginning with 0x7a9 has reportedly acquired 87,819 ETH at an average price of $2,875, for a total purchase amounting to approximately $252.5 million, as reported by BlockBeats. The latest transaction, which took place nine hours ago, involved the acquisition of 16,160 ETH at a mean cost of $2,906. In the past, Lookonchain monitoring unveiled that this address is associated with Justin Sun in multiple ways, which sparked suspicions that it is his.
Justin Sun is the CEO of BitTorrent and the inventor of TRON, a decentralized platform for sharing entertainment content. Should the address in question be attributed to Sun, this substantial acquisition of ETH might signify his trust in the Ethereum network and its capacity for expansion. It is essential to observe, however, that the affiliation between the address and Sun has not been formally confirmed.
Bonus rebate to help investors grow in the trading world!
