Compound

Maker

DeFi

Million

Liquity

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/justin-sun-invests-21-million-in-binance/" data-wpel-link="internal">Justin Sun Invests $21 Million in Binance</a><br></p>
<p style="text-align: justify"><strong>Tron</strong> founder Justin Sun made a significant financial move by depositing $21 million worth of various assets into one of the world’s largest <a href="https://en.coin-turk.com/crypto-com-obtains-vasp-license-for-its-dubai-branch/" data-wpel-link="internal">cryptocurrency exchanges</a>, Binance. This transaction took place in just 30 minutes and garnered significant attention from the cryptocurrency community. The assets involved in this notable deposit included four different cryptocurrencies: AAVE, MKR, COMP, and LQTY.</p> 
<h2 style="text-align: justify" id="justin-sun-gains-attention-with-altcoin-transfers">Justin Sun Gains Attention with Altcoin Transfers</h2> 
<p style="text-align: justify">First, Sun deposited 93,979 <strong>AAVE</strong> tokens, valued at approximately $11.26 million. AAVE is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies. Its importance in the DeFi sector makes it a valuable asset. Sun’s significant <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investment</a> highlights the importance of AAVE in his portfolio.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-360790 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/altcoin.png" alt="" width="559" height="644"></p> 
<p style="text-align: justify">In addition to AAVE, Sun transferred 3,800 MKR tokens worth approximately $9.3 million to <strong>Binance</strong>. MKR is the governance token of MakerDAO, another major player in the DeFi <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener" data-wpel-link="exclude">space</a>. MKR token holders can vote on decisions affecting the Maker protocol, including the issuance of the stablecoin DAI. By holding a significant amount of MKR, Sun positions himself to influence MakerDAO’s governance or leverage its value for future financial maneuvers.</p> 
<h2 style="text-align: justify" id="comp-and-lqty-transfers">COMP and LQTY Transfers</h2> 
<p style="text-align: justify">Sun’s deposit also included 4,178 COMP tokens worth approximately $245,000. COMP is the cryptocurrency of the Compound protocol, a decentralized platform that facilitates the lending and borrowing of cryptocurrencies.</p> 
<p style="text-align: justify">Like AAVE, Compound has secured a significant place in the <strong>DeFi</strong> sector. Sun’s investment in COMP further reflects his focus on DeFi assets and indicates that he sees substantial potential in this area of the crypto market.</p> 
<p style="text-align: justify">Lastly, Tron founder Justin Sun sent 203,623 <strong>LQTY</strong> tokens worth approximately $217,000 to Binance. LQTY is associated with the Liquity protocol, which offers interest-free borrowing against Ethereum. Although this is the smallest portion of the deposit in terms of value, it still represents a significant investment and aligns with Sun’s strategy of diversifying across various DeFi platforms.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/justin-sun-invests-21-million-in-binance/" data-wpel-link="internal">Justin Sun Invests $21 Million in Binance</a></h5>

Justin Sun Invests $21 Million in Binance

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