{"id":144413,"date":"2024-12-10T18:00:46","date_gmt":"2024-12-10T16:00:46","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144413"},"modified":"2024-12-10T15:35:49","modified_gmt":"2024-12-10T13:35:49","slug":"justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/","title":{"rendered":"Justin Sun Moves $119 Million in Ethereum – Is It a Cash-Out or Strategic Play?"},"content":{"rendered":"

On December 8th, Sun transferred<\/a> <\/strong>almost 30,000 ETH<\/a><\/strong>, worth around $119.7 million, to the HTX exchange. This transaction follows a series of other moves, including a December 5th transfer of 20,000 ETH, totaling $76.3 million. These actions have left many wondering whether Sun is cashing in on Ethereum’s price hike or playing a longer game with his holdings.<\/p>\n

Sun\u2019s history with Ethereum dates back to earlier in the year when he accumulated over 392,000 ETH at an average price of $3,027. The recent rally, which briefly took Ethereum above $4,000, has allowed Sun to secure substantial profits.<\/p>\n

However, despite these sell-offs, Sun continues to add more ETH to centralized exchanges, suggesting he might be positioning himself for a larger strategy rather than a simple exit.<\/p>\n