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<div class="intro-text">
 Tron’s founder and chief executive,<a style="color: #0000ff;" href="https://x.com/spotonchain/status/1800056313902420094?s=46" rel="noopener noreferrer nofollow"> Justin Sun</a>, reportedly made over $24.9 million in profit after trading some digital assets he had held for over one year.
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According to the<a style="color: #0000ff;" href="https://x.com/spotonchain/status/1800056313902420094?s=46" rel="noopener noreferrer nofollow"> on-chain analytics platform Spot On Chain</a>, a wallet linked to Sun deposited $21 million worth of digital assets into a Binance exchange within a span of thirty minutes. The deposit included:
<ul>
 <li style="font-weight: 400;" aria-level="1">3,800 $MKR tokens ($9.3 million)</li>
 <li style="font-weight: 400;" aria-level="1">203,634 $LQTY ($217,000)</li>
 <li style="font-weight: 400;" aria-level="1">93,979 $AAVE (over $11.26 million)</li>
 <li style="font-weight: 400;" aria-level="1">4,178 COMP ($245,000)</li>
</ul>
Sun reportedly made a $6.86 million profit from his $MKR deposit, a 281% increase, and a $645,000 profit from his $AAVE holdings, a 17% growth since the deposit when he sold these tokens.
Spot On Chain initially highlighted these transactions in an<a style="color: #0000ff;" href="https://x.com/spotonchain/status/1800051759244865679?s=46" rel="noopener noreferrer nofollow"> earlier post</a> on June 10, noting significant growth in the deposited crypto assets. In that post, the platform mentioned that an “anonymous crypto whale’s” wallet had deposited 3,800 $MKR tokens ($9.3 million) and 20,000 $AAVE coins ($4.45 million), totalling $13.75 million.
Crypto whales, such as the Sun, often capitalize on market fluctuations, buying assets at low prices and selling them at a profit when their values rise. Spot On Chain specializes in tracking these large transactions.
Earlier last week, the on-chain analytics platform tracked another significant transaction involving an anonymous<a style="color: #0000ff;" href="https://defi-planet.com/2024/06/crypto-whale-re-accumulating-shib-after-netting-145m-profit-two-years-ago-new-report-reveals/" rel="noopener noreferrer nofollow"> whale trader who started reaccumulating popular memecoin $SHIB after bagging $145 million in profits</a> two years ago. According to the platform, wallets connected to the whale now hold almost 1 trillion $SHIBs and about 9,207 $ETH and $WETH (~$24.9 million), which might be used to purchase more of the memecoin. Reportedly, the crypto whale recently swapped 4,849 $WETG (worth around $18.5 million) for 715.8 billion $SHIBs
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The post <a href="https://defi-planet.com/2024/06/tron-founder-justin-sun-nets-24-9m-profit-from-crypto-trades/" rel="noopener noreferrer nofollow">Tron Founder Justin Sun Nets $24.9M Profit from Crypto Trades</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Tron Founder Justin Sun Nets $24.9M Profit from Crypto Trades

DeFi Planet

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