After a small wave of correction, Ethereum once again reached $3,000. According to on-chain data, a whale has accumulated over 30,000 ETH in the past 24 hours.
In fact, in the past 14 days since February 8th, this address has purchased over 120,000 ETH through exchanges and on-chain transactions, with a total value exceeding $360 million. But who is this whale?
According to on-chain data tracked by user X Lookonchain, the timing of ETH withdrawal from Binance by this address coincides with the timing of a Tron wallet address withdrawing 500 million USDT from HTX and gradually transferring it to Binance. The most likely person to withdraw such a huge amount of funds from HTX is none other than Justin Sun.
Therefore, both Lookonchain and on-chain analyst Yu Yin believe that this Ethereum whale who keeps accumulating ETH is likely to be Justin Sun.
(This article is authorized to be reproduced from GT Radar)
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