Crypto Expert Suspects $160 Million ETH Address to be Linked to Justin Sun
Lookonchain, an online chain investigator, has conducted a detailed analysis of the massive transactions. According to their data, the purchase of 54,721 ETH was made through Binance and decentralized exchanges (DEXs).
The wallet with the partial address “TWGHNc” is under scrutiny for its large-scale transactions. The same wallet had a withdrawal of 500 million USDT in Tether from HTX (Huobi) and also deposited 50 million USDT into Binance.
On February 7, TWGHNc deposited $5.4 million to HTX, and similar transactions were observed with 0x7a95. This pattern has led to the speculation of Justin Sun’s involvement in these transactions.
Is Justin Sun Making these Transactions?
The activity suggests that Sun could potentially be behind these transactions, given his significant influence in the crypto market. The onchain data leads to the conclusion that Sun might be the one making these moves.
What’s the Significance for the Ethereum Market?
If Justin Sun is indeed behind these transactions, it indicates a bullish interest in Ethereum from him. Historic market trends show that influential figures can impact market rates, and Sun is no exception. This could lead to a potential bull market for Ethereum, bringing promising news for ETH holders.
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