Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 372
    NewsCryptoMarketSponsored Article

    Brett Already Took Off – MoonBull Might Be the 100x Crypto Everyone’s Watching

    Struggling to beat rising rent, keep up with sky-high grocery bills, or…

    By
    Benedikt Krüger
    July 18, 2025
    image 365
    NewsCryptoMarketSponsored Article
    SLERF Regret Setting In? Here’s Why Bulls Are Eyeing MoonBull’s 1000x Crypto Potential
    July 18, 2025
    image 358
    NewsCryptoMarketSponsored Article
    You’ll See It Again – On the Moon: MoonBull Is the New Meme Coin to Watch as Dogs Surges 17% and AI Companions Recovers
    July 18, 2025
    Cardano Surges Toward $1 But Can the Momentum Last?
    NewsCryptoMarket
    Cardano Surges Toward $1 But Can the Momentum Last?
    July 18, 2025
    IMF Flags El Salvador for Breaching Bitcoin Deal
    NewsBitcoinCrypto
    IMF Flags El Salvador for Breaching Bitcoin Deal
    July 18, 2025
  • Cryptocurrency
    image 372
    Brett Already Took Off – MoonBull Might Be the 100x Crypto Everyone’s Watching
    9 Min Read
    image 365
    SLERF Regret Setting In? Here’s Why Bulls Are Eyeing MoonBull’s 1000x Crypto Potential
    6 Min Read
    image 358
    You’ll See It Again – On the Moon: MoonBull Is the New Meme Coin to Watch as Dogs Surges 17% and AI Companions Recovers
    7 Min Read
    Cardano Surges Toward $1 But Can the Momentum Last?
    Cardano Surges Toward $1 But Can the Momentum Last?
    7 Min Read
    IMF Flags El Salvador for Breaching Bitcoin Deal
    IMF Flags El Salvador for Breaching Bitcoin Deal
    7 Min Read
    image 354
    Neiro Got the Hype, But MoonBull Might Deliver – Is This the Best Upcoming Crypto for 2025?
    8 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Justin Sun’s Bold Ethereum Move Shakes the Market
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Justin Sun’s Bold Ethereum Move Shakes the Market
CryptoMarketNews

Justin Sun’s Bold Ethereum Move Shakes the Market

depicting Justin Suns significant Ethereum move featuring a glowing Ethereum logo alongside stacks of cryptocurrency
Milena Volodina
Last updated: December 16, 2024 9:55 am
By
Milena Volodina
Published December 16, 2024
2 Min Read
Share

Justin Sun, the founder of Tron (TRX), has made waves in the cryptocurrency market by initiating the withdrawal of 52,905 ETH (valued at $209 million) through Lido Finance. This amount forms part of the 392,474 ETH purchased between February and August 2023 at an average price of $3,027 per token. Sun’s strategic acquisitions have yielded a remarkable $349 million profit, representing a 29% gain.

Contents
Sun’s History with Lido FinanceImpact of Strategic Trades on the Market

Sun’s History with Lido Finance

Justin Sun has previously captured attention with similar moves involving Lido Finance. On October 4, 2023, he unstaked 80,251 ETH (then valued at $131 million) and transferred it to Binance. This transaction occurred shortly before Ethereum’s price dropped by 5%, fueling speculation about Sun’s ability to anticipate and react to market shifts.

Justin Sun Ethereum ETH

Impact of Strategic Trades on the Market

Sun’s purchase of 392,474 ETH for approximately $1.19 billion during February and August aligns with market trends and highlights his strategic foresight. With current prices reflecting a 29% gain, Sun’s actions underscore his prowess in leveraging market dynamics for profit.

These significant ETH movements have the potential to stir volatility in the Ethereum market, often referred to as the “altcoin king.” Market participants are closely analyzing the potential ripple effects of these transactions, particularly as the withdrawals progress. However, the full impact of Sun’s moves will likely become clearer after the completion of the withdrawal process.

Dey There will continue to monitor developments surrounding Justin Sun’s actions and their implications for the cryptocurrency market.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Missed the Boat with Dogwifhat? It’s Not Too Late to Secure Your Future by Investing in Arctic Pablo, the Next Big Thing in Crypto

538,200 BTC and Counting—Inside Saylor’s $42B Bitcoin Game Plan

DRW Holdings Invests $195M in Grayscale Ethereum Trust

Surprising Bitcoin Movement! A Wallet Dormant for 15 Years Transfers $3.58 Million

Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance

TAGGED:Cryptocurrency marketEthereumJustin SunLido Finance

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByMilena Volodina
Milena Volodina is a blockchain strategist and cryptocurrency expert with 9 years of experience in the industry. With a background in finance and technology, Milena has worked on numerous blockchain projects, including the development of decentralized finance (DeFi) platforms and blockchain-based financial services. Her expertise in both the technical and financial aspects of blockchain technology allows her to provide a comprehensive view of the industry. At DT NEWS, Milena offers readers expert analysis and insights into the latest trends and innovations in the blockchain and cryptocurrency world, ensuring they stay informed about key developments.
Previous Article Ripple (XRP) CTO Warns of RLUSD Supply Issues and Early Price Surges Ripple (XRP) CTO Warns of RLUSD Supply Issues and Early Price Surges
Next Article showcasing the surge in Ethereum ETFs. The image features a glowing Ethereum logo at the center with financial charts h Investors Shift Focus to Ethereum: Weekly ETF Inflows Hit $855 Million
Leave a Comment

Leave a Reply Cancel reply

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

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)