Justin Sun’s Recent Crypto Transactions
On March 10, according to PeckShield Alert monitoring data, Sun Yuchen transferred about 14 million TRX to Binance in BNB Chain within the past 48 hours. The r…
On March 10, according to PeckShield Alert monitoring data, Sun Yuchen transferred about 14 million TRX to Binance in BNB Chain within the past 48 hours. The relevant address marked “Justin Sun” on the chain has redeemed 828 million BTTs, and then removed 100.7 ETHs and about 130 million BTTs from Uniswap V2. The address also removed about 176 ETHs and 4 million TRX from Uniswap V2, and redeemed about 90 million TRX in the past 9 hours.
Sun Yuchen’s wallet addresses on the chain have changed significantly
Analysis based on this information:
According to a PeckShield Alert monitoring data report on March 10, Sun Yuchen, the founder of TRON and CEO of BitTorrent, transferred approximately 14 million TRX to Binance within the past 48 hours using the BNB Chain. The report also shows that an address marked “Justin Sun” on the chain redeemed 828 million BTTs, then removed 100.7 ETHs and about 130 million BTTs from Uniswap V2. This same address also removed about 176 ETHs and 4 million TRX from Uniswap V2 and redeemed approximately 90 million TRX in the past 9 hours.
It is challenging to draw definitive conclusions from these transactions as the motivations behind them remain unclear. However, there are a few key observations that can be made from this report.
First, Justin Sun seems to be using various platforms like Binance and Uniswap V2 to conduct large-scale cryptocurrency transactions. This behavior is not uncommon in the crypto world, as some traders and investors prefer to use different platforms to maximize their profits or exchange rates. It could be possible that Sun is doing the same for strategic reasons, such as taking advantage of market fluctuations or minimizing trading fees.
Second, it appears that Sun is primarily dealing with TRX and BTT, which are the two digital currencies that he has the most interest in, given his involvement with TRON and BitTorrent. Redeeming and removing large amounts of these tokens may indicate that Sun is planning something significant related to these projects.
Lastly, the sheer volume of Sun’s transactions in such a short amount of time is noteworthy. It could be a part of a bigger, coordinated effort to achieve a particular goal, or it could be an arbitrary move driven by personal reasons.
In conclusion, Justin Sun’s recent crypto transactions may seem puzzling, but they do provide clues about his involvement in the crypto market and his intentions for TRON and BitTorrent. It is important to note that cryptocurrency is a highly volatile and speculative market, which means that these transactions’ outcomes are unpredictable. As such, it is always wise to approach such transactions with caution and careful analysis.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/8522/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Are there any virtual currencies similar to Bitcoin?
Are there any virtual currencies similar to Bitcoin? What can be like Bitcoin,
-
On March 31, Liao Min: Full Utilization of Financial Data for Digitizing the Financial System
On March 31, Liao Min, Deputy Director of the Office of the Central Financial and Economic Commission and Deputy Minister of Finance, stated at the \”Financial Infrastructure and Fi
-
Federal Reserve Balance Sheet Surges in March
According to reports, the Federal Reserve’s balance sheet jumped from $8.39 trillion on March 8 to $8.69 trillion on March 15, the highest level since last November. US $300 billion increase in Fed balance sheet Analysis based on this information:The Federal Reserve’s balance sheet has reached its highest level since November 2020. According to recent reports, the balance sheet surged from $8.39 trillion on March 8 to $8.69 trillion on March 15. This is a significant increase of $300 billion in just one week. One of the primary factors contributing to this surge is the Federal Reserve’s ongoing asset purchase program. As part of its efforts to stimulate the economy, the central bank has been purchasing large quantities of assets such as Treasury bonds and mortgage-backed securities. The increase in the balance sheet reflects the amount of assets the Federal Reserve has bought over the past year. The asset purchase program has been a key component of the Federal Reserve’s…
-
What driver is used for mining with 3090 graphics card (how about mining with 3090 graphics card)
What driver is used for 3090 graphics card mining? What driver is used for 3070 graphics card mining? This article is titled “What Drivers Do You Use for Mining 3090 Graphics Cards This article analyzes NVIDIA’s graphics processor (GPU) and Nvidia’s latest RTX3080Ti, and uses a technology called DAG compression in the game. Due to factors such as low DAG computing efficiency, high memory costs, and high CPU bandwidth usage, many players have doubts about performance, which affects the price of graphics memory. (If you need it, you can find the latest updates) Recommended reading: “GeForce Q3 Revenue Report | A16Z with Over 80% Increase in Computing Power” How about mining 3090 graphics cardsHow about Intel’s 3070 graphics card mining? ? High computational power and low power consumption? How to choose a reasonable electricity price? If available, it is recommended to use a hard drive with less than three yuan or more. According to official calculations, the total accounting power…
-
Coin Cryptocurrency Exchange Recruiting for Romanian Office to Expand Business in Eastern Europe
It is reported that according to the information disclosed by Romania Insider, the cryptocurrency exchange Coin has started to recruit talents for its Romanian…
-
ETH fell below $1700
According to reports, the market shows that ETH has fallen below $1700 and is currently trading at $1699.38, with a intraday decline of 3.7%. The market is volatile, so please do a
-
#Introduction
On April 28th, Alexey Moiseyev, Deputy Minister of Finance of Russia, announced that Russia will establish a special agency responsible for issuing licenses for operators to use cr
-
DefiLlama’s DEX Aggregator reaches $5 Billion Transaction Volume
On March 19th, it was reported that the cumulative transaction volume of the DEX aggregator launched by DefiLlama, an online data analysis website, has reached $5 billion. Among them, 63280 independent users have used the aggregator for a total of 410200 conversions, with nearly 80% of the transaction volume coming from Ethereum, and Arbitrum accounting for 10%, but the transaction frequency is the highest. DefiLlama’s DEX aggregator has accumulated a trading volume of $5 billion, or has been airdropped for contributors and users Analysis based on this information:DefiLlama, one of the prominent online data analysis websites, recently announced that its decentralized exchange (DEX) aggregator has achieved a cumulative transaction volume of $5 billion on March 19th. This news is significant because it highlights the growing popularity and adoption of decentralized finance (DeFi) platforms and applications. The aggregator, created by DefiLlama, is a platform that allows users to access multiple decentralized exchanges in one place, simplifying the process of swapping tokens…
-
Blockchain Technology, MetaUniverse, and Web3.0: Hong Kong’s New Strategy for Economic Development
It is reported that in recent years, blockchain technology has developed rapidly, and more and more countries and regions have begun to develop MetaUniverse an…
-
What is the currency Worldcore (What is the currency Dock)?
What is the currency Worldcore? Worldcore is a blockchain-based gaming project d
-
Deutsche Bank Eyeing Possible Acquisition of Credit Suisse’s Businesses
According to reports, according to people familiar with the matter, Deutsche Bank is closely monitoring the situation of Credit Suisse Group to look for possible opportunities to acquire certain businesses of Credit Suisse. The internal discussions at Deutsche Bank involved which parts of Credit Suisse would be attractive if they were acquired or spun off by UBS Group, and how large a valuation they would give to these assets if they were listed. Insider: Deutsche Bank is studying the acquisition of Credit Suisse assets Analysis based on this information:Recently, it has been reported that Deutsche Bank is closely monitoring the situation of Credit Suisse Group to explore possible opportunities to acquire certain businesses of Credit Suisse. This move has come amidst the aftermath of the Archegos Capital Management crisis which hit the Swiss bank hard, resulting in a significant decline in its profits and revenue. To make matters worse, Credit Suisse announced last month that it would incur a loss…
-
Understanding the Recent APEs Pledged in the Bored Ape Yacht Club
On March 29, according to PeckShield monitoring, the address starting with 0x0680 obtained 13000 APEs pledged after purchasing BAYC # 9061, and transferred them to the address star
-
Twitter Users’ Million Views, Elon Musk’s Commitment
According to the news on February 18, Twitter users said that their tweet presentation exceeded 1 million for the first time, but the problem is that they don\’…
-
Soaring Ethereum Gas Fee and the Impact on Uniswap and USDC
According to the report, according to the data of ultra-ground.money, the current Ethereum gas fee has risen to around 100 GWei. The largest number of Ethereum…
-
What is the situation when Bitcoin is disconnected from the network (Bitcoin keeps falling)
According to Cryptoglobal, Bitcoin was confirmed to have an abnormal network status around 3am on August 11th. Subsequently, two brief trading failures occurred within 10 hours – this was the second fork event after the Bitcoin Core (BTC) protocol upgrade; Afterwards, there was a third “mining pool outage”. This is the first time that a blockchain malfunction has occurred in the Bitcoin chain, as the difficulty of mining had reached its highest level in history at that time. Due to this reason, when a block appears, it will stop working, making the network extremely unstable and fragile. The reason for the network outage this time is also related to some people in the Bitcoin community who previously believed that the network was interrupted Bitcoin has been fallingBitcoin has been falling, and the recent pullback has been brief. From June 30th to the current three weeks, it has fallen by about 80%, and these days have been in a sideways stage,…
-
Understanding the Impact of Inflation and Bank Turmoil on Monetary Policy
According to reports, Federal Reserve William Williams said that inflation is expected to fall back to around 3.25% in 2023; Inflation has eased somewhat, but is still well above t