Ethereum

Bitcoin

April

Chainlink

<ul>
 <li>Assuming these wallets really do belong to Sun, his total ETH holdings would be 295,757.</li>
 <li>Importantly, beginning on March 31, this wallet sent Binance 787,000,000 USDT.</li>
</ul>
Recent events have sparked speculation over whether renowned crypto figure <a href="https://thenewscrypto.com/why-justin-sun-is-speculated-to-have-90m-usdt-deposit-on-binance/" target="_blank" rel="noopener noreferrer nofollow">Justin Sun</a> has purchased a large quantity of <a href="https://thenewscrypto.com/ethereum-co-founder-criticizes-renewal-of-fisas-section-702/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> (ETH). Assuming this is accurate, it may give the Ethereum price an additional push beyond $3,500 and beyond.
An on-chain data provider Lookonchain has uncovered some interesting activity in whale wallets that are suspected to be linked to Sun. An alleged Sun wallet has allegedly accumulated 127,388 ETH, or $405.19 million, since April 8.
<h3 class="wp-block-heading" id="h-substantial-eth-accumulation">Substantial ETH Accumulation</h3>
Importantly, beginning on March 31, this wallet sent <a href="http://binance.com" target="_blank" rel="noopener noreferrer nofollow">Binance</a> 787,000,000 USDT on the Tron network. Also, on that day, an unidentified wallet appeared on the Ethereum network and withdrew stablecoins worth $96.8 million from Binance.
Interestingly, this wallet started buying Ethereum (ETH) via decentralized exchanges like Binance, and it now possesses 127,388 ETH worth $405.19 million (at an average price of $3,172).
There was a wallet associated with Sun that bought 168,369 ETH worth $487 million between February 12 and 24, and these acts are a carbon copy of those. Assuming these wallets really do belong to Sun, his total Ethereum holdings would be 295,757 ETH, or $891 million. He bought these tokens from Binance and other decentralized exchanges for an average of $3,014 since February 12.
At the time of writing, ETH is trading at $3203, up 0.90% in the last 24 hours as per data from <a href="http://coinmarketcap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>. Moreover, the trading volume is up 5.73%. Significant amounts of money—a total of $226 million—left the Bitcoin and Ethereum markets last week. This pattern was most noticeable in Bitcoin, which witnessed outflows of $192 million and Ethereum, which witnessed outflows of $34 million for the sixth week in a row.
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Justin Sun’s Alleged Ethereum Buying Spree Raises Price Speculation

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TheNewsCrypto

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