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Justin Sun’s Bold Move: 20,000 Ethereum Deposited Amid Price Surge

By | Edited By Sahana Kiran,,

Justin Sun's Poloniex Exchange Lists Ethereum Forked Tokens
  • Ethereum price correlates with Sun’s major transactions.
  • Ethereum inflows/outflows reflect Sun’s strategic market timing.
  • $293M Profit: Sun’s ETH Investment Sees 24% ROI

As Ethereum surged past $3,800, Justin Sun deposited 20,000 ETH worth $76.3M into HTX. His total deposits since November now total to 41,630 ETH worth $145.9M. This reflects his deliberate strategy during market rallies to maximize returns.

Justin Sun Deposits 20,000 ETH as Price Surges Past $3,800

Justin Sun deposited 20,000 ETH worth $76.3 million into HTX. Meanwhile, Ethereum’s price has surpassed $3800. This deposit is one of his biggest transactions and correlates with the recent bullish trend of Ethereum in the cryptocurrency market. This move shows Sun’s ability to leverage market rallies and earn profits.

This deposit to HTX demonstrates a calculated move to leverage rising market prices. His large deposits have contributed to Ethereum’s market liquidity. This transaction strengthens Sun’s position and shows his influence on the Ethereum market.

Justin Sun Deposits $60.8M ETH Amid Ethereum’s Price Rally

Justin Sun invested 19,000 ETH worth $60.8 million in HTX when ETH reached a price of $3,202. This is part of his overall strategy on how to manage price increases well during bullish market and price peaks.

A Profit and Loss (PnL) analysis shows a total of $3.7 million realised gains and $65.67 million in unrealised gains. These gains reflect a calculated approach to maximize returns while holding significant Ethereum assets and minimize investment capital.

Total 41,630 ETH Deposited, Valued at $145.9M Since November

In November, Justin Sun deposited 41,630 ETH worth approximately $145.9 million to centralized exchanges (CEXs) . These deposits include 39,000 ETH sent to HTX and 2,630 ETH to Poloniex at an average price of $3,505. His deposits correlate with the ETH price recovery and show his strategic engagement in the market.

Sun purchased 392,474 ETH worth  $1.19 billion at an average price of $3,027. The total combined profits is estimated at $293 million which represents 24% of overall revenue. These figures show Sun’s ability to manage volatile markets and achieve high profitability.