It has been understood that Justin Sun, who recently announced that he left the CEO of the Tron foundation, which he founded, deposited 600 million dollars in Ethereum to the Binance exchange account.
Chinese journalist Colin Wu shared on his Twitter account that Tron founder Justin Sun has deposited more than 165,000 Ethereum on the Binance exchange since the beginning of December.
According to the next post shared by Wu, transactions made by Sun appeared to be from internal distribution wallets that were not used to generate any profit.
Data on the chain shows that Justin Sun, the founder of TRON, has frequently deposited ETH into Binance since December, with a total deposit of approximately 165,989 ETH (592 million US dollars). pic.twitter.com/8xKyf8Q72b
— Wu Blockchain (@WuBlockchain) December 29, 2021
Making a statement after Coin Wu shared, Sun stated that Ethereum transactions have nothing to do with Tron and Ethereum, and said:
“Recently, the internal distribution of wallets has caught the attention of the crypto market. We remain optimistic about the market outlook.
Regardless of Ethereum, TRON and the entire blockchain industry, we are quite optimistic and will continue to build. Everyone will get more effective news from now on!”
Ethereum transactions, which attract attention due to the size of the amount sent to the Binance account, actually correspond to a small part of the daily transaction volume of Ethereum, the second largest cryptocurrency in the crypto market.
Losing the support of $ 4,000, Ethereum continues to trade at $ 3,744, according to CoinMarketCap data.
*Not investment advice.