Justin Sun Moves Millions in TUSD, Sparking Sell-Off Speculation
- Justin Sun transferred 72 million in TUSD to four different addresses.
- Sun’s address still has 175.7 million TUSD tokens.
- A total of 216.6 million TUSD tokens were transferred to HTX by Sun’s team.
Justin Sun, the founder of the Tron blockchain, moved millions in TUSD, a stablecoin pegged to the US dollar (USD), to various addresses, leading to speculation in the digital asset community about these transactions.
Blockchain analysis platform Arkham Intelligence data showed, the wallet 0x9FC…c19Fe sent a total of 72 million TUSD to four different addresses, but Sun still holds 175.7 million TUSD tokens and $10 million in other cryptocurrencies like USDC, ETH, XCN, and HT.
PeckShield, another blockchain analysis firm, was among the first to report the transactions. X user @EmberCN noted that Sun’s team had sent a total of 216.6 million TUSD to HTX on the Tron and Ethereum chains, suggesting a possible sell-off.
The post Justin Sun Moves Millions in TUSD, Sparking Sell-Off Speculation appeared first on Coin Edition.
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Justin Sun Moves Millions in TUSD, Sparking Sell-Off Speculation
- Justin Sun transferred 72 million in TUSD to four different addresses.
- Sun’s address still has 175.7 million TUSD tokens.
- A total of 216.6 million TUSD tokens were transferred to HTX by Sun’s team.
Justin Sun, the founder of the Tron blockchain, moved millions in TUSD, a stablecoin pegged to the US dollar (USD), to various addresses, leading to speculation in the digital asset community about these transactions.
Blockchain analysis platform Arkham Intelligence data showed, the wallet 0x9FC…c19Fe sent a total of 72 million TUSD to four different addresses, but Sun still holds 175.7 million TUSD tokens and $10 million in other cryptocurrencies like USDC, ETH, XCN, and HT.
PeckShield, another blockchain analysis firm, was among the first to report the transactions. X user @EmberCN noted that Sun’s team had sent a total of 216.6 million TUSD to HTX on the Tron and Ethereum chains, suggesting a possible sell-off.
The post Justin Sun Moves Millions in TUSD, Sparking Sell-Off Speculation appeared first on Coin Edition.
Read More
Justin Sun’s $500M Bailout of TUSD Exposes Weaknesses in Hong Kong Trust Regulation