{"id":34047,"date":"2024-12-25T20:00:05","date_gmt":"2024-12-25T17:00:05","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=34047"},"modified":"2024-12-25T18:26:16","modified_gmt":"2024-12-25T15:26:16","slug":"justin-sun-transfers-244-million-worth-of-ethereum-to-htx","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/justin-sun-transfers-244-million-worth-of-ethereum-to-htx\/","title":{"rendered":"Justin Sun Transfers $244 Million Worth of Ethereum to HTX"},"content":{"rendered":"<p><strong>Justin Sun<\/strong>, the founder of <strong>TRON<\/strong>, transferred<strong> 70,182 Ethereum<\/strong> (<strong><em>ETH<\/em><\/strong>), valued at a total of <strong>$244.9 million<\/strong>, to <strong>HTX<\/strong> (formerly known as Huobi).<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/justin-sun-transfers-244-million-worth-of-ethereum-to-htx\/#Details\" title=\"Details\">Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/justin-sun-transfers-244-million-worth-of-ethereum-to-htx\/#Other_Major_Transactions_in_December\" title=\"Other Major Transactions in December\">Other Major Transactions in December<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/justin-sun-transfers-244-million-worth-of-ethereum-to-htx\/#Market_Impact\" title=\"Market Impact\">Market Impact<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Details\"><\/span>Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The 70,182 ETH transferred by Justin Sun originated from the following sources:<\/p>\n<ul>\n<li><strong>42,905 ETH<\/strong> was unstaked from <em><strong>Lido Finance<\/strong><\/em>, a decentralized liquid staking protocol.<\/li>\n<li><strong>27,277 ETH<\/strong> was transferred from the <em><strong>Etherfi<\/strong><\/em> platform.<\/li>\n<\/ul>\n<p>With this transaction, Sun&#8217;s total Ethereum deposits to HTX as of the end of November reached <strong>179,101 ETH<\/strong>, valued at approximately <strong>$645 million<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Major_Transactions_in_December\"><\/span>Other Major Transactions in December<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><em><strong>December 23, 2024:<\/strong><\/em> Justin Sun liquidated <strong>39,999 ETH<\/strong> (worth $143 million) from <em><strong>Lido Finance<\/strong> <\/em>and <em><strong>Etherfi<\/strong><\/em> and deposited the funds into HTX.<\/li>\n<li><em><strong>December 16, 2024:<\/strong><\/em> He requested to withdraw <strong>52,905 ETH<\/strong> (valued at $209 million) from <em><strong>Lido Finance<\/strong><\/em>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Market_Impact\"><\/span>Market Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Justin Sun\u2019s actions could lead to short-term price fluctuations in the Ethereum market, as his large-scale transactions draw attention and influence trading dynamics.<\/strong><\/p>\n<hr \/>\n<p style=\"text-align: left;\"><em>Additionally, please don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong>\u00a0 ,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Justin Sun, the founder of TRON, transferred 70,182 Ethereum (ETH), valued at a total of $244.9 million, to HTX (formerly known as Huobi). Details The 70,182 ETH transferred by Justin Sun originated from the following sources: 42,905 ETH was unstaked from Lido Finance, a decentralized liquid staking protocol. 27,277 ETH was transferred from the Etherfi<\/p>\n","protected":false},"author":6,"featured_media":34048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[105,1464,1215,1062,293],"class_list":["post-34047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ethereum","tag-htx","tag-huobi","tag-justin-sun","tag-tron"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Justin Sun Transfers $244 Million Worth of Ethereum to HTX - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/justin-sun-transfers-244-million-worth-of-ethereum-to-htx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Justin Sun Transfers $244 Million Worth of Ethereum to HTX - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Justin Sun, the founder of TRON, transferred 70,182 Ethereum (ETH), valued at a total of $244.9 million, to HTX (formerly known as Huobi). Details The 70,182 ETH transferred by Justin Sun originated from the following sources: 42,905 ETH was unstaked from Lido Finance, a decentralized liquid staking protocol. 27,277 ETH was transferred from the Etherfi\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/justin-sun-transfers-244-million-worth-of-ethereum-to-htx\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-25T17:00:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-25T15:26:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/Justin-Sun-Transfers-244-Million-Worth-of-Ethereum-to-HTX.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/justin-sun-transfers-244-million-worth-of-ethereum-to-htx\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/justin-sun-transfers-244-million-worth-of-ethereum-to-htx\/\",\"name\":\"Justin Sun Transfers $244 Million Worth of Ethereum to HTX - 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