{"id":141950,"date":"2024-11-11T17:00:19","date_gmt":"2024-11-11T15:00:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141950"},"modified":"2024-11-11T12:59:52","modified_gmt":"2024-11-11T10:59:52","slug":"justin-sun-cashes-in-on-ethereum-surge-offloading-60-million","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/justin-sun-cashes-in-on-ethereum-surge-offloading-60-million\/","title":{"rendered":"Justin Sun Cashes In on Ethereum Surge, Offloading $60 Million"},"content":{"rendered":"<p>Sun <strong><a href=\"https:\/\/x.com\/spotonchain\/status\/1855797478379118668?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1855797478379118668%7Ctwgr%5Ee1390d02bd950383977b4847afac108e01519053%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoingape.com%2Ftron-justin-sun-cashes-out-70-million-after-ethereum-rally-whats-next%2F\" rel=\"nofollow\">reportedly<\/a> <\/strong>deposited 19,000 <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong>, valued at about $60.83 million, into HTX following the rally, with estimated total profits from these transactions around $69.36 million.<\/p>\n<p>Sun\u2019s 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.<\/p>\n<p>Other early Ethereum investors are also reactivating holdings. Data from PeckShield Alert shows that a participant from Ethereum\u2019s initial coin offering (ICO) transferred 1,555 ETH, worth around $5 million, to Coinbase after three years of dormancy.<\/p>\n<p>This investor, who originally acquired 6,292 ETH during Ethereum\u2019s ICO for $1,951, now holds over $20 million in ETH.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-141861\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Additionally, large Ethereum holders are taking profits. A major whale recently <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1855804750626971775?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1855804750626971775%7Ctwgr%5Ee1390d02bd950383977b4847afac108e01519053%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoingape.com%2Ftron-justin-sun-cashes-out-70-million-after-ethereum-rally-whats-next%2F\" rel=\"nofollow\">sold<\/a> <\/strong>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\u2019s future potential.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum&#8217;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. <\/p>\n","protected":false},"author":3,"featured_media":23502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,22],"tags":[280,271,108],"coin_category":[],"class_list":["post-141950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-others","tag-coinbase","tag-ethereum","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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