A new Ethereum transaction came from Tron (TRX) founder Justin Sun, who has made a name for himself with his transactions and critical moves in the cryptocurrency market.
Justin Sun, who frequently makes headlines with his Ethereum purchases or ETH transactions, transferred $37 million worth of ETH to Aave.
According to a post by blockchain security firm PeckShieldAlert, an address believed to belong to TRON founder Justin Sun recently transferred 14,000 ETH worth $37 million to crypto lending protocol Aave.
Having locked these ETHs in Aave, Sun then withdrew 300 ETH and an additional 400,000 USDT from Aave and transferred them to the Poloniex exchange.
#PeckShieldAlert #Justinsun -labeled address has withdrawn 13,691.5 $ETH supplied 14K $ETH (worth ~$37M) to #AAVE . the address has withdrawn 300 $ETH from AAVE transferred 300 $ETH 400K $USDT to #Poloniex pic.twitter.com/eT207QFA8N
— PeckShieldAlert (@PeckShieldAlert) August 13, 2024
It was evaluated that the Tron founder could later create Ethereum or another altcoin.
Another address belonging to Tron founder Justin Sun deposited 16,236 ETH (worth approximately $43.41 million) to the HTX crypto exchange last week.
*Not investment advice
