DeFi Daily News
Sunday, June 22, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Justin Sun Deposits $119.7M in ETH to HTX After ETH Surges Past $4K | Coin Media

News Room by News Room
December 9, 2024
in Ethereum
0 0
0
rewrite this title Justin Sun Deposits 9.7M in ETH to HTX After ETH Surges Past K | Coin Media
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Justin Sun deposited 29,920 ETH worth $119.7M into HTX after Ethereum hit $4,000.
His total ETH investment of 392,474 ETH has generated $366M in profits.

Justin Sun, the founder of Tron, deposited 29,920 ETH worth $119.7 million into HTX just nine hours ago, coinciding with Ethereum’s price surpassing the $4,000 threshold. This substantial transaction is part of a broader investment strategy where Sun accumulated 392,474 ETH between February and August of this year. The average purchase price for this ETH was $3,027 per unit, totaling an investment of approximately $1.19 billion.

Currently, Sun’s estimated profit from this massive Ethereum investment stands at $366 million, reflecting a 30% return. This calculation excludes staking rewards and airdrops, which could significantly enhance his overall earnings.

In addition to the ETH deposit, Sun transferred 322,119 EIGEN tokens worth $1.44 million and 175,021 ETHFI tokens valued at $516,000 into HTX. Both token transfers are attributed to staking rewards derived from his Ethereum holdings.

Sun’s market activity reflects a deliberate and consistent strategy. On December 6, Ethereum’s price rallied beyond $3,800. Sun made another significant deposit of 20,000 ETH worth $76.3 million into HTX. When combined with his latest transactions, Sun’s total ETH deposits since November now amount to 41,630 ETH, with an estimated value of $145.9 million.

Sun’s Tactical Crypto Investments

In November, Sun deposited 39,000 ETH into HTX and 2,630 ETH into Poloniex, with an average purchase price of $3,505 per ETH. These strategic transactions occurred during Ethereum’s price recovery, further emphasizing his ability to capitalize on bullish market conditions. This calculated engagement showcases Sun’s commitment to leveraging market rallies to maximize returns.

His pattern of depositing ETH during upward price trends demonstrates a clear understanding of timing in cryptocurrency markets. These well-planned moves highlight the importance of strategic investment for large-scale players seeking to optimize profits in the volatile crypto landscape. As Ethereum maintains its bullish momentum, Sun’s investment activities remain a focal point for the crypto community.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 119.7McoindepositsETHHTXJustinmediarewriteSunSurgestitle
ShareTweetShare
Previous Post

rewrite this title Cardano Founder Reacts to Comment | Coin Media

Next Post

rewrite this title South Korea’s Largest Cryptocurrency Exchange Upbit Announces Listing of a New Altcoin! | Coin Media

Next Post
rewrite this title South Korea’s Largest Cryptocurrency Exchange Upbit Announces Listing of a New Altcoin! | Coin Media

rewrite this title South Korea's Largest Cryptocurrency Exchange Upbit Announces Listing of a New Altcoin! | Coin Media

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

August 27, 2024
rewrite this title Hudson Pacific Properties: Beware The Perceived Discount (NYSE:HPP)

rewrite this title Hudson Pacific Properties: Beware The Perceived Discount (NYSE:HPP)

May 6, 2025
Proximus Group Partners with Infosys to Explore New Business Opportunities

Proximus Group Partners with Infosys to Explore New Business Opportunities

September 10, 2024
rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

May 6, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
Mastering Crypto Mining: A Step-By-Step Guide

Mastering Crypto Mining: A Step-By-Step Guide

September 12, 2024
rewrite this title Hilaria Baldwin Shares Hilarious Acting Lesson With Husband Alec Baldwin | Celebrity Insider

rewrite this title Hilaria Baldwin Shares Hilarious Acting Lesson With Husband Alec Baldwin | Celebrity Insider

June 22, 2025
rewrite this title How Corbin Carroll’s injury could impact Diamondbacks, Ketel Marte

rewrite this title How Corbin Carroll’s injury could impact Diamondbacks, Ketel Marte

June 21, 2025
rewrite this title ENG 209/3  (49.0 ov, Ollie Pope 100*, Harry Brook 0*, Jasprit Bumrah 3/48) – Stumps – England vs India 1st Test Match Live Score, Summary | ESPN.in

rewrite this title ENG 209/3 (49.0 ov, Ollie Pope 100*, Harry Brook 0*, Jasprit Bumrah 3/48) – Stumps – England vs India 1st Test Match Live Score, Summary | ESPN.in

June 21, 2025
rewrite this title Ethereum Price Slips Below ,500 — Sell Volume Suggests Mounting Bearish Pressure | Bitcoinist.com

rewrite this title Ethereum Price Slips Below $2,500 — Sell Volume Suggests Mounting Bearish Pressure | Bitcoinist.com

June 21, 2025
rewrite this title Kenneth Branagh Likens Jodie Comer To Young Meryl Streep After Filming ‘The Last Disturbance of Madeline Hynde’

rewrite this title Kenneth Branagh Likens Jodie Comer To Young Meryl Streep After Filming ‘The Last Disturbance of Madeline Hynde’

June 21, 2025
rewrite this title ‘Public Good’: Wyoming Plots August Debut for WYST Stablecoin – Decrypt

rewrite this title ‘Public Good’: Wyoming Plots August Debut for WYST Stablecoin – Decrypt

June 21, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.