TRON (TRX) founder Justin Sun recently sent 50 million Tether (USDT) to cryptocurrency exchange Binance.
Justin Sun, one of the important actors of the cryptocurrency market, on January 3 to Binance 50 million dollars transferred. Reported by on-chain analysis platform Lookonchain to data Accordingly, the transfer in question was carried out in a single transaction. Although it cannot be confirmed that the transaction wallet belongs to Sun 100%, it is thought to be very likely to belong to him, based on his past transactions.
The wallet in question was removed from the Tether treasury for the past month. 439 million USDT He had taken it. This USDT balance $371 million portion It was transferred to Binance over time and in parts.
The last transaction was interpreted as Sun believing in the rise of the cryptocurrency market and his upward expectations continuing.
A similar whale transaction was recently seen and Tether was stolen from its treasury. 182 million USDT was taken. He quickly moved the assets he bought in this wallet to the stock exchanges and turned to ongoing investment opportunities in the market.
According to CoinGecko data, in the last 24 hours in the cryptocurrency market 90 billion dollar volume done. The total value of the market is currently $1.87 trillion It is located at the point.