Justin Sun recently transferred 19,000 ETH (about $60.83 million) to the HTX platform, earning an estimated profit of $69.36 million.
Justin Sun Profits from ETH
Sun transferred 19,000 ETH (equivalent to approximately $60.83 million) to the HTX platform approximately 15 hours ago. It is estimated that the total profit he generated from these transactions is approximately $69.36 million.
Sun initiated his investment by purchasing 392,474 ETH from three distinct wallets between February 8 and August 5, investing a total of $1.19 billion and paying an average of $3,027 per ETH, as per Spot on Chain dat
Ethereum Whales Actively Participating?
An Ethereum ICO participant who had been inert for three years was reactivated by transferring 1,555 ETH (approximately $5 million), according to PeckShield Alert data. The estimated total asset value of this participant is approximately $20.15 million.
Furthermore, Lookonchain data indicates that a whale with 398,891 ETH sold 46,853 ETH for 138.8 million USDC and transferred an additional 12,886 ETH (valued at $42 million) shortly thereafter.
In the midst of the price increase, Ethereum billionaires are exploiting profit opportunities. Nevertheless, these sales do not suggest that whales are entirely liquidating their substantial ETH reserves.
Cryptocurrency Ethereum is presently trading at $3,200, with a market capitalization of approximately $400 billion and a 30% weekly increase.
According to Michael van de Poppe, a crypto market analyst, the Ethereum price may encounter resistance at $3,200. However, he predicts that the Ethereum ecosystem will demonstrate robust performance in the months ahead.. The ETH ecosystem is anticipated to perform well in the immediate future, according to Poppe.
Additionally, spot Ethereum ETF entries have resumed their normal levels in the wake of Donald Trump’s victory. Santiment posits that the growth in Bitcoin $81,264 is transitioning to Ethereum, which could potentially contribute to altcoins reaching new highs.
Lastly, the Ethereum network is experiencing continued activity and is on the brink of reaching new highs. Investors continue to attentively observe Ethereum’s future performance.
