Justin Sun, the founder of Tron, has gained attention for depositing 29,920 ETH, worth $119.7 million, into HTX. This comes as Ethereum’s price surpasses $4,000. Sun made a big investment by buying 392,474 ETH from February to August 2023.
He paid an average of $3,027 for each ETH, totaling around $1.19 billion. Right now, Sun’s estimated profit from this investment is $366 million, showing a 30% return. This does not include possible staking rewards and airdrops that could boost his earnings even more.
Sun also moved 322,119 EIGEN tokens and 175,021 ETHFI tokens, which came from staking rewards on his Ethereum holdings, along with the ETH deposit. He has been active in the market in a steady and planned way.
For example, on December 6, he added another 20,000 ETH, worth $76.3 million, to HTX. This brings his total ETH deposits since November to 41,630 ETH, which is valued at $145.9 million.
Sun invests by making deposits when prices are rising, showing he can take advantage of good market conditions. His careful actions highlight how important it is to invest wisely in the unpredictable cryptocurrency market, making what he does a key interest for the crypto community as Ethereum keeps rising.
