Tron’s Justin Sun Goes Big on ETH, Stakes $2.5 Billion (Here’s How He Did It!)
- Justin Sun now owns $2.5 billion in Ethereum.
- Sun’s ETH portfolio ranks among the largest in crypto.
- He bought 390,000 ETH at an average price of $2,984.
Justin Sun, the founder of Tron, has emerged as a major holder of Ethereum (ETH), accumulating a significant stake valued at approximately $2.45 billion. This sizable portfolio, totaling 665,000 ETH, represents one of the largest holdings in the cryptocurrency sector. Sun’s recent buying spree, spanning from late 2023 to April 2024, has sparked widespread discussion within the crypto community regarding its potential impact on the market.
Sun’s acquisition strategy involved a series of transactions executed across different platforms. Notably, he secured 390,000 ETH at an average price of $2,984 per ETH. From December 26, 2023, to January 5, 2024, Sun acquired 17,883 ETH at an average price of $2,262 each, primarily through centralized exchanges. Subsequently, between February 8 and 25, he purchased 173,863 ETH for $525.24 million, utilizing a combination of on-chain transactions and withdrawals from the address 0x7a9…095, at an average price of $2,869.
The post Tron’s Justin Sun Goes Big on ETH, Stakes $2.5 Billion (Here’s How He Did It!) appeared first on Coin Edition.
