Ethereum: The founder of Tron would have bought thousands of ETH

Justin Sun 1


  • Justin Sun, the founder of Tron, is believed to have purchased a significant amount of Ethereum tokens. Is it a whale?
  • According to Lookonchain, the businessman purchased 127,388 ETH worth $405.19 million since April 8.
  • Currently, ETH is recovering and up almost 1% to $3,200.

Justin Sun, the founder of Tron (TRX) and one of the most respected men in the crypto industry, would have bought a huge amount of Ethereum coins.

According to a post by on-chain data provider Lookonchain, a wallet purportedly belonging to Sun acquired 127,388 ETH worth $405.19 million since April 8.

The management’s movements indicate that some 787 million USDT were first deposited on Binance on the Tron network on March 31, the same day a wallet was created on the Ethereum network.

That same wallet, believed to be owned by Sun, began purchasing ETH on the Binance and DEX exchanges, at an average price of $3,172.

This could be interpreted as an imminent bullish signal, just after the Bitcoin halving takes place.

Ethereum Price

At the time of writing, ETH was up almost 1% at $3,200, accumulating a weekly loss of 1.4% and a year-to-date gain of 40.6%.