Tron Founder Justin Sun Withdrawn $33M USDT And Posted It To This Platform!

Tron (TRX) founder Justin Sun recently cryptocurrency again came to the fore.

Sun sent $33.13 million USDT received from 10 different addresses to the decentralized finance platform Aave.

The USDT funds in question were sent to their addresses after the Poloniex cryptocurrency exchange, owned by Sun, on August 31, 2020.

What Could Be the Purpose of Justin Sun’s Recent Transfer?

Aave is a decentralized lending platform that allows users to earn interest on their cryptocurrency deposits. Some people choose to send large amounts of USDT to Aave to earn interest on their funds, while others may use it as collateral for a loan.

It’s also possible that Sun is speculating on the future value of USDT or is using Aave as a way to hide his funds.

Although the purpose of Sun’s latest transfer is not known exactly, some guesses can be made:

To earn returns: As mentioned earlier, Aave is a decentralized lending platform that allows users to earn interest on their deposits. If a person has a large amount of USDT, they can choose to invest it in Aave to earn interest on their funds.

To borrow: Aave also allows users to use their cryptocurrency deposits as collateral for a loan. If someone needs to borrow money, they can choose to send a large amount of USDT to Aave to use as collateral.

To store their funds: Aave is a decentralized platform that allows users to store their funds securely. Some individuals may choose to send large amounts of USDT to Aave as a way to securely store their funds.

*Not investment advice.

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