TRON founder and BitTorrent CEO Justin Sun has made significant cryptocurrency transactions in recent few days, according to blockchain data.
The transactions involved the receipt of 30,000 stETH and the transfer of 23,000 ETH, totaling millions of dollars. These moves highlight Sun’s active involvement in the crypto space.
TRON founder and BitTorrent CEO Justin Sun has recently conducted substantial cryptocurrency transactions, as revealed by blockchain data.
The transactions involved the receipt of 30,000 stETH and the transfer of 23,000 ETH, showcasing Sun’s continued engagement in the crypto industry.
The blockchain data shows that Sun received a total of 30,000 stETH, which represents the tokenized version of Ethereum’s stake rewards.
The tokens were sent back to Sun’s wallets with addresses 0x611…DF01 and 0x176…0a132. The total value of the staking rewards reclaimed during this transaction amounted to approximately $55.8 million.
Shortly after, Sun proceeded to transfer 23,000 ETH, equivalent to around $43 million, from wallet address 0x611…DF01 to Poloniex, a prominent cryptocurrency exchange.
This transfer follows a similar pattern from the past, as blockchain data indicates that Sun had previously moved a total of 67,500 ETH, valued at approximately $126 million, in seven transactions during the previous year.
While the reasons behind these crypto moves have not been publicly disclosed by Sun, his actions demonstrate his active participation in the cryptocurrency space.
With his influential role as the founder of TRON and the CEO of BitTorrent, Sun’s cryptocurrency transactions garner attention within the industry.
At present, Sun’s wallet with the address 0x176…0a132 holds an impressive total of approximately $414 million in various cryptocurrencies.
The majority of this amount consists of stETH, totaling around $360 million. Additionally, Sun’s wallet contains $50 million in different stablecoins, further diversifying his crypto holdings.