Justin Sun Transfers $244 Million Worth Of Ethereum To HTX

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).

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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 platform.

With this transaction, Sun’s total Ethereum deposits to HTX as of the end of November reached 179,101 ETH, valued at approximately $645 million.

Other Major Transactions in December

December 23, 2024: Justin Sun liquidated 39,999 ETH (worth $143 million) from Lido Finance and Etherfi and deposited the funds into HTX.
December 16, 2024: He requested to withdraw 52,905 ETH (valued at $209 million) from Lido Finance.

Market Impact

Justin Sun’s actions could lead to short-term price fluctuations in the Ethereum market, as his large-scale transactions draw attention and influence trading dynamics.

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