Justin Sun Moves $320M in Ethereum as Crypto Market Faces Pressure

Tron founder Justin Sun executed over $320 million in Ethereum (ETH) and staking token transfers to HTX within 24 hours, even as the crypto market experiences a sharp downturn.

This move comes as Bitcoin slid from $95,000 to $90,300, pushing the global crypto market cap down by over 4.2% to $3.17 trillion.

Sun’s transactions included 96,591 ETH worth $316 million, alongside smaller transfers of Ether.fi (ETHFI) and EIGEN tokens.

He acquired the ETH at an average price of $3,275, indicating a possible strategy to leverage HTX trading opportunities. Meanwhile, Ethereum’s price has dropped 20% in the last month and now trades at $3,150.

READ MORE:

Crypto Market Continues to Struggle – Bitcoin Briefly Dips to $90,000

Sun has a history of large-scale transfers, having moved substantial amounts of ETH to HTX in late 2024 following unstaking actions.

These high-profile activities, alongside others like Arthur Hayes’ recent ENA token transactions, highlight the role of major players in influencing market dynamics during volatile periods.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.