{"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 &#8211; Is It a Cash-Out or Strategic Play?"},"content":{"rendered":"<p>On December 8th, Sun <strong><a href=\"https:\/\/platform.spotonchain.ai\/en\/entity\/278\">transferred<\/a> <\/strong>almost 30,000 <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">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&#8217;s price hike or playing a longer game with his holdings.<\/p>\n<p>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<p>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<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<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 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/dogecoin-targets-10-as-whale-activity-and-accumulation-surge\/\" title=\"Dogecoin Targets $10 as Whale Activity and Accumulation Surge\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/dogecoin-blog1.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Dogecoin Targets $10 as Whale Activity and Accumulation Surge<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The broader Ethereum market has faced some resistance around the $4,000 mark, and the coin has since settled back in the $3,700-$3,800 range. Analysts remain divided on whether this price action signals the end of the rally or if Ethereum could revisit its previous highs.<\/p>\n<p>Regardless, Sun\u2019s transactions have stirred up conversations on his long-term intentions, especially as Ethereum continues to see growing interest from institutional investors, particularly with the rise of Ethereum ETFs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum&#8217;s recent surge above $4,000 has sparked a significant move from Justin Sun, the founder of Tron.<\/p>\n","protected":false},"author":9,"featured_media":22904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-144413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Justin Sun Moves $119 Million in Ethereum - Is It a Cash-Out or Strategic Play?<\/title>\n<meta name=\"description\" content=\"Ethereum&#039;s recent surge above $4,000 has sparked a significant move from Justin Sun, the founder of Tron.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Justin Sun Moves $119 Million in Ethereum - Is It a Cash-Out or Strategic Play?\" \/>\n<meta property=\"og:description\" content=\"Ethereum&#039;s recent surge above $4,000 has sparked a significant move from Justin Sun, the founder of Tron.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptodnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-10T16:00:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/justin-sun-might-be-faking-twitter-followers.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Zdravkov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Zdravkov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/\",\"name\":\"Justin Sun Moves $119 Million in Ethereum - Is It a Cash-Out or Strategic Play?\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/justin-sun-might-be-faking-twitter-followers.jpg\",\"datePublished\":\"2024-12-10T16:00:46+00:00\",\"author\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360\"},\"description\":\"Ethereum's recent surge above $4,000 has sparked a significant move from Justin Sun, the founder of Tron.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/justin-sun-might-be-faking-twitter-followers.jpg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/justin-sun-might-be-faking-twitter-followers.jpg\",\"width\":1200,\"height\":800},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"Cryptodnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360\",\"name\":\"Alexander Zdravkov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/da5cf53a0f55d1d631dba1c627b79f07?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/da5cf53a0f55d1d631dba1c627b79f07?s=96&d=mm&r=g\",\"caption\":\"Alexander Zdravkov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alexander_zdravkov\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Justin Sun Moves $119 Million in Ethereum - Is It a Cash-Out or Strategic Play?","description":"Ethereum's recent surge above $4,000 has sparked a significant move from Justin Sun, the founder of Tron.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/","og_locale":"en_US","og_type":"article","og_title":"Justin Sun Moves $119 Million in Ethereum - Is It a Cash-Out or Strategic Play?","og_description":"Ethereum's recent surge above $4,000 has sparked a significant move from Justin Sun, the founder of Tron.","og_url":"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/","og_site_name":"Cryptodnes EN","article_published_time":"2024-12-10T16:00:46+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/justin-sun-might-be-faking-twitter-followers.jpg","type":"image\/jpeg"}],"author":"Alexander Zdravkov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Zdravkov","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/","url":"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/","name":"Justin Sun Moves $119 Million in Ethereum - Is It a Cash-Out or Strategic Play?","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/justin-sun-might-be-faking-twitter-followers.jpg","datePublished":"2024-12-10T16:00:46+00:00","author":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360"},"description":"Ethereum's recent surge above $4,000 has sparked a significant move from Justin Sun, the founder of Tron.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-119-million-in-ethereum-is-it-a-cash-out-or-strategic-play\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/justin-sun-might-be-faking-twitter-followers.jpg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/justin-sun-might-be-faking-twitter-followers.jpg","width":1200,"height":800},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"Cryptodnes EN","description":"Crypto News, Bitcoin Analysis and More","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360","name":"Alexander Zdravkov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/da5cf53a0f55d1d631dba1c627b79f07?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/da5cf53a0f55d1d631dba1c627b79f07?s=96&d=mm&r=g","caption":"Alexander Zdravkov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alexander_zdravkov\/"}]}},"modified_by":"C0323492922","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/144413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=144413"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/144413\/revisions"}],"predecessor-version":[{"id":144414,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/144413\/revisions\/144414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/22904"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=144413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=144413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=144413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}