Justin Sun, the founder of Tron, has deposited 29,920 ETH worth $119.7 million into HTX just nine hours ago, coinciding with Ethereum’s price surpassing the $4,000 threshold. This significant transaction is part of a broader investment strategy where Sun accumulated 392,474 ETH between February and August of this year. The average purchase price for this ETH was $3,027 per unit, resulting in an investment of approximately $1.19 billion.
Currently, Sun’s estimated profit from this massive Ethereum investment stands at $366 million, reflecting a 30% return. This calculation does not include staking rewards and airdrops, which could significantly increase his overall earnings.
In addition to the ETH deposit, Sun has transferred 322,119 EIGEN tokens worth $1.44 million and 175,021 ETHFI tokens valued at $516,000 into HTX. Both token transfers are attributed to staking rewards derived from his Ethereum holdings.
Sun’s market activity reflects a deliberate and consistent strategy. On December 6, when Ethereum’s price rallied beyond $3,800, Sun made another significant deposit of 20,000 ETH worth $76.3 million into HTX. When combined with his latest transactions, Sun’s total ETH deposits since November now amount to 41,630 ETH, with an estimated value of $145.9 million.
Sun’s tactical crypto investments demonstrate his ability to capitalize on bullish market conditions. These strategic transactions occurred during Ethereum’s price recovery, highlighting his commitment to leveraging market rallies to maximize returns.
His pattern of depositing ETH during upward price trends showcases a clear understanding of timing in cryptocurrency markets. These well-planned moves emphasize the importance of strategic investment for large-scale players seeking to optimize profits in the volatile crypto landscape. As Ethereum maintains its bullish momentum, Sun’s investment activities remain a focal point for the crypto community.
