CandleFocus Justin Sun Moves Millions in TUSD, Sparking Sell-Off Speculation
2024-09-26
Author: Content Editor
Tron blockchain founder Justin Sun has moved millions of TUSD (a stablecoin tied to the US dollar) to different addresses, leading to speculation in the crypto community. Sun still holds 175.7 million TUSD tokens and $10 million in other cryptocurrencies. It is suggested that this may indicate a possible sell-off of TUSD, as Sun's team sent a total of 216.6 million TUSD to HTX. The current supply of TUSD is 495.5 million, and Sun's team holds 394.3 million TUSD. There is speculation that Sun may be taking a short position on the stablecoin. TUSD has lost its $1 peg and is currently trading at $0.9983. However, it is possible that it may reclaim the peg.
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