JAKARTA - Tron Founder (TRX) Justin Sun is again in the spotlight of the crypto community. This time Sun reportedly bought around 53,000 Ether (ETH) which is worth 209 million US dollars (Rp 3.34 trillion). This massive purchase is predicted to have an impact on the price of Ethereum which is showing a positive trend.
Based on data from the Spot On Chain blockchain platform, Justin Sun recently drew around 52,905 ETH from the DeFi Lido platform. This is not the first time Sun has made a massive purchase.
Previously, between February and August 2024, Sun was recorded to have spent around US$1.19 billion (Rp19 trillion) to buy more than 392,000 ETH. With this step, Sun increasingly demonstrates his commitment to utilizing the growing growth potential of Ethereum.
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Token World Liberty Financial Dapat Suntikan Dana dari Bos TRON, Justin Sun
26 November 2024, 16:05
Since the beginning of the year, the price of ETH has risen by around 29%. Justin Sun made a profit of around US$349 million (Rp5.58 trillion) from the price increase. However, this large investment has the potential to make the volatile market due to large movements in a short time.
Ethereum Price Movement
Currently, at 20:57 WIB, Monday, December 16, the price of Ethereum is trading around $3,951, after the price has risen 2.36% in the last 24 hours. Over the past month, the price of ETH has soared to 27%.
Data from CoinGlass shows a 5% increase in futures open interest, indicating the increasing investor confidence in Ethereum. On the other hand, analyst Ali Martinez reported a massive purchase activity by whale (large investors) after the price of ETH passed USD 3,300 (IDR 52.8 million).
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