2024

DeFi

Spot

Raise

<ul class="news-points"> 
 <li>Tron founder Justin Sun moved $35 million in various tokens, mostly DeFi assets, to Binance in the past week.</li> 
 <li>The transfer suggests Sun may be aiming to support Curve Finance’s liquidity.</li> 
 <li>Curve Finance’s CRV token plunged due to the liquidation of founder’s loans.</li> 
</ul> 
Tron founder Justin Sun transferred a substantial $35 million in cryptocurrency to Binance over the past week, distributed across 12 different tokens. These tokens primarily consisted of DeFi assets, suggesting Sun’s intention to provide liquidity to Curve Finance. 
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 15hrs ago, Justin Sun (<a href="https://twitter.com/justinsuntron?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@justinsuntron</a>) deposited another $14.3M in 8 assets to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a>, including: • 3.45M <a href="https://twitter.com/search?q=%24ETHFI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETHFI</a> ($12.05M) – claimed from airdrop. • 6.22M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$CRV</a> ($1.96M) – of which 5M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$CRV</a> was purchased from Curve founder at $0.4 via OTC last Aug. • and $333K in 6 other… <a href="https://t.co/HD7MolDzBf" target="_blank" rel="nofollow">https://t.co/HD7MolDzBf</a> <a href="https://t.co/5XYZgLO9l4" target="_blank" rel="nofollow">pic.twitter.com/5XYZgLO9l4</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1802881397662880161?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 18, 2024</a>
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Blockchain <a href="https://platform.spotonchain.ai/en/entity/278" target="_blank" rel="nofollow">data reveals</a> Sun’s latest deposit to Binance included $3.45 million worth of ETHFI ($12.05 million total), reportedly obtained through an airdrop. 
Additionally, a transfer of $6.22 million worth of CRV occurred ($1.96 million remaining). Of this, $5 mill…
The post <a href="https://coinedition.com/justin-suns-crypto-moves-raise-questions-amid-curve-finance-turmoil/">Justin Sun’s Crypto Moves Raise Questions Amid Curve Finance Turmoil</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Justin Sun’s Crypto Moves Raise Questions Amid Curve Finance Turmoil

Coin Edition

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