Emre Yumlu 
In a week where the crypto market shattered records, one transaction stood out from the rest. Justin Sun, founder of TRON and associated with the HTX exchange, made a significant on-chain move involving a large amount of Ethereum (ETH).
$181 Million Worth of ETH Sent to Binance
According to on-chain data, HTX—formerly Huobi and closely linked to Justin Sun—transferred approximately 50,600 ETH, valued at around $181 million, to Binance. The ETH originated from the Aave protocol, moved first into a “Recovery” wallet at HTX, then to a hot wallet, and finally to Binance.
This transaction wasn’t an isolated case. In fact, over the past week, HTX has transferred a total of 160,600 ETH, worth roughly $518 million, using this same flow. This pattern has sparked speculation across the community: Is Justin Sun preparing to sell?
While no official statement has been made, such large-scale movements toward centralized exchanges are often interpreted as bearish signals, especially if they coincide with rising prices and growing long positions in the market.
Crypto Market Hits All-Time High: $4 Trillion
Amid this suspenseful backdrop, the broader cryptocurrency market crossed a historic milestone, surpassing a $4 trillion total market cap for the first time ever. This surge was powered primarily by Bitcoin and Ethereum, which together now account for over 70% of the entire market valuation.
This bullish momentum has been fueled by rising institutional interest in the United States and a wave of positive regulatory developments. Notably, the GENIUS Act and the CLARITY Act, recently passed by Congress, have provided a much-needed legal framework for digital assets. These acts offer clear federal-level guidelines for stablecoins and help define the legal status of many altcoins, boosting investor confidence across the board.
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