Ethereum's recent price surge to around $3,200 has sparked significant activity among major investors, including Tron founder Justin Sun, who recently sold a portion of his holdings.
Sun reportedly deposited 19,000 ETH, valued at about $60.83 million, into HTX following the rally, with estimated total profits from these transactions around $69.36 million.
Sun’s holdings include nearly 392,474 ETH acquired earlier this year, making this sale a small part of his overall Ethereum portfolio, minimizing broader market concerns.
Other early Ethereum investors are also reactivating holdings. Data from PeckShield Alert shows that a participant from Ethereum’s initial coin offering (ICO) transferred 1,555 ETH, worth around $5 million, to Coinbase after three years of dormancy.
This investor, who originally acquired 6,292 ETH during Ethereum’s ICO for $1,951, now holds over $20 million in ETH.
Additionally, large Ethereum holders are taking profits. A major whale recently sold 46,853 ETH for $138.8 million at an average price of $2,920, and has continued to move smaller amounts to exchanges. However, this whale still holds over 350,000 ETH, signaling some confidence in Ethereum’s future potential.
CME Group, the world’s largest derivatives marketplace, is expanding its digital asset lineup with the launch of XRP futures, set to go live on May 19, pending regulatory approval.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Following the April 14 exploit that disrupted operations, KiloEx has revealed a compensation plan for impacted users. The plan covers three core groups: traders, Hybrid Vault stakers, and VIP users.
As Bitcoin (BTC) regains stability and altcoins begin to show signs of life, investor optimism is once again on the rise.