Million

Band Protocol

TRON

Shiba Inu

Chainlink

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/justin-sun-invests-over-3-5-million-in-five-altcoins" rel="noopener noreferrer nofollow">Justin Sun Invests Over $3.5 Million in Five Altcoins</a> 
Significant activity was detected in a wallet linked to Justin Sun, founder of the TRON ecosystem and a well-known crypto billionaire, indicating an investment of over $3.5 million in five different altcoins, including <a href="https://en.bitcoinhaber.net/exploring-link-coins-position-amidst-bitcoins-plunge-and-the-markets-uncertain-direction" rel="noopener noreferrer nofollow">Chainlink</a> (LINK) and Shiba Inu (SHIB).
On-chain data provider Spot On Chain reported that the wallet, starting with 0x9fcc…, transferred a substantial amount of altcoins from the Binance exchange. Sun’s investments are spread across LINK, SHIB, Floki Inu (FLOKI), Decentraland (MANA), and Band Protocol (BAND), totaling $3.54 million.
The data reveals that Sun moved these altcoins worth $3.54 million from Binance to his personal wallet approximately 14 hours ago. Additionally, Spot On Chain noted that on December 19, 2023, Sun withdrew 500 billion SHIB valued at $5.22 million from Binance.
Sun’s latest investment of over $3.5 million in altcoins has sparked various speculations in the crypto community. Many suggest that this strategic investment is a preparation for an anticipated strong market rally, especially during a period when the crypto market appears weak.
Current market conditions show that the altcoins Sun invested in might be in a consolidation phase. SHIB has seen a 0.81% decrease, while LINK has risen by 4.57% in the last 24 hours. FLOKI, MANA, and BAND have also experienced respective increases of 2.89%, 0.10%, and 1.07% in the same period. Sun’s diverse investments across multiple altcoins demonstrate a strategy of portfolio diversification, aiming to reduce risk and balance performance across various assets.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/justin-sun-invests-over-3-5-million-in-five-altcoins" rel="noopener noreferrer nofollow">Justin Sun Invests Over $3.5 Million in Five Altcoins</a></h5>

Justin Sun Invests Over $3.5 Million in Five Altcoins

BH NEWS

Other articles published on Jan 18, 2024

CashHand Staking

Solana (SOL) Scores Major Vote of Confidence With Franklin Templeton

Could Tron (TRX) and Cosmos (ATOM) Gains Be Outpaced by Pushd (PUSHD) This Year?

Analyst Warns of Potential Peak for Solana Rival SEI and Comments on LDO and XAI

New Bitcoin ETFs See Record Daily Flows As Total BTC Holdings Rise to $3 Billion

Ethereum Staking Platform Kiln Raises $17 Million in Funding Round Led by 1kx

Join our free newsletter for daily crypto updates!