Det nest største kryptotokenet etter markedsverdi, Ethereum (ETH), looks set to make a massive market recovery following recent buys suspected to be made by Tron’s founder, Justin Sun. Sun’s accumulation spree again highlights crypto whales’ recent bullishness on Ethereum despite fluctuating prices.
Sun Allegedly Buys $405 Million Worth Of ETH
I en X (tidligere Twitter) poste, the on-chain analytics platform Lookonchain drew the crypto community’s attention to a mysterious wallet suspected to belong to Justin Sun. This wallet is said to have bought 127,388 ETH ($405.19 million) from Binance and desentraliserte børser (DEXer) since April 8 at an average price of $3,127.
Kilde: Etherscan
Meanwhile, Lookonchain tried to prove further its theory that this wallet likely belonged to Justin Sun. The platform alluded to a previous tweet mentioning that a suspected Justin Sun wallet bought 168,369 ETH at $2,894 from Binance and a DEX between February 12 and 24. It noted that the “transaction behavior” of both wallets was similar, which suggests that they are both likely owned by Justin Sun.
If indeed both wallets are owned by Justin Sun, that means the Tron grunnlegger has accumulated 295,757 ETH ($891 million) at an average price of $3,014 since February 12. Like every hvalaktivitet, Sun’s alleged transactions have caught the crypto community’s attention, with many wondering why he is gaining so much exposure to the second-largest crypto token.
Ethereum Whales Are Bullish
Sun’s actions highlighted the bullish sentiment that Ethereumhvaler have towards the crypto token despite its recent unimpressive price action. Bitcoinist nylig rapportert about an Ethereum whale who, despite already losing $4.5 million, opened another long position on the second-largest crypto token.
This whale also borrowed 17.3 million USDT just to increase their exposure to the crypto token. In a recent X innlegg, Lookonchain again highlighted how Ethereumhvaler are still making bullish moves in the market. On-chain data shows a fresh wallet (0x9EB0) that trakk seg 7,182 ETH ($23.06 million) from Binance, which suggests long-term holding by this whale.
Another wallet (0x1958) trakk seg 5,181 ETH ($16.28 million) from Binance and put their ETH holdings to work by staking it into Bedrock and pendel while anticipating further price gains in the crypto token.
Such bullish sentiment towards Ethereum could be good for ETH’s price as whales are known to have a significant impact on a token’s price discovery. It could also prove crucial during this period when Ethereum is experiencing avtagende nettverksvekst, which means that the rate at which new users come into the ecosystem has slowed.
I skrivende stund handles Ethereum for rundt 3,170 dollar, ned over 1% siste 24 timer, ifølge dato fra CoinMarketCap.
ETH price moves toward $3,200 | Source: ETHUSDT on Tradingview.com
Utvalgt bilde fra Bitcoin News, diagram fra Tradingview.com
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Source: https://www.newsbtc.com/news/ethereum/ethereum-justin-sun-127388-eth/