CandleFocus Justin Sun Cashes in on Ethereum Holdings
2024-11-11
Author: Content Editor
The recent surge in Ethereum's price has prompted market actions, including Tron founder Justin Sun converting a portion of his ETH assets into cash. Sun moved 19,000 ETH, valued at around $60.83 million, to an exchange, with an estimated total profit of $69.36 million. Other notable transactions include an inactive ICO participant returning to transfer 1,555 ETH worth $5 million and an Ethereum whale selling a portion of their holdings for USDC. Despite profit-taking by whales, Ethereum's price remains strong at $3,200 with a weekly gain of 30% and a market capitalization close to $400 billion. The market closely watches Ethereum's trajectory and activity as it navigates this period of increased trading volume and price volatility.
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