The post Tron Founder Justin Sun Accumulates $49M in Ethereum appeared first on Coinpedia Fintech News
Tron founder Justin Sun has been significantly increasing his Ethereum holdings, likely in anticipation of the SEC approving Ethereum ETFs in July. According to spotchain, Sun’s wallet has recorded a total transfer of $16.07 million worth of ETH from Binance, and his recent acquisitions amount to $49 million at an average price of $3,494 per ETH. Additionally, Sun purchased over $1.1 billion in Ethereum last year and deposited 89.57 million TRX to Binance, using $32.9 million to buy more ETH. These strategic moves clearly demonstrate Sun’s optimism about the expected launch of Ethereum Spot ETFs.
