Ethereum

bullish

2024

Spot

<ul class="wp-block-list">
 <li><strong>Justin Sun deposited 29,920 ETH worth $119.7M into HTX after Ethereum hit $4,000.</strong></li>
 <li><strong>His total ETH investment of 392,474 ETH has generated $366M in profits.</strong></li>
</ul>
<p>Justin Sun, the founder of Tron, deposited 29,920 ETH worth $119.7 million into HTX just nine hours ago, coinciding with Ethereum’s<a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow"> price </a>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 $1.19 billion.</p>
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  <p lang="en" dir="ltr">Justin Sun (<a href="https://twitter.com/justinsuntron?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@justinsuntron</a>) further deposited 29,920 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($119.7M) to <a href="https://twitter.com/hashtag/HTX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#HTX</a> 9 hours ago, after the price surpassed $4K!<br><br>This is part of the net 392,474 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> he allegedly acquired at an average of $3,027 ($1.19B) from February to August. Currently, he has an est. total profit of… <a href="https://t.co/aaZ5ZvazYg" rel="noopener noreferrer nofollow">https://t.co/aaZ5ZvazYg</a> <a href="https://t.co/CRvsuNFx6v" rel="noopener noreferrer nofollow">pic.twitter.com/CRvsuNFx6v</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1865574382527287296?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 8, 2024</a>
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<p>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.&nbsp;</p>
<p>In addition to the ETH deposit, Sun<a href="https://x.com/spotonchain/status/1865574382527287296" target="_blank" rel="noopener noreferrer nofollow"> transferred</a> 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.</p>
<p>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.</p>
<h3 class="wp-block-heading" id="h-sun-s-tactical-crypto-investments">Sun’s Tactical Crypto Investments</h3>
<p>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 <a href="https://thenewscrypto.com/justin-sun-becomes-largest-investor-in-trumps-crypto-venture/" target="_blank" rel="noopener noreferrer nofollow">commitment</a> to leveraging market rallies to maximize returns.</p>
<p>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 <a href="https://thenewscrypto.com/stablecoins-at-risk-us-council-warns-to-implement-crypto-regulations/" target="_blank" rel="noopener noreferrer nofollow">crypto</a> landscape. As Ethereum maintains its bullish momentum, Sun’s investment activities remain a focal point for the crypto community. <br><br><strong>Highlighted Crypto News Today<br></strong><a href="https://thenewscrypto.com/bitcoins-recent-surge-drives-memecoins-breakouts/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s Recent Surge Drives Memecoins Breakouts</a></p>

Justin Sun Deposits $119.7M in ETH to HTX After ETH Surges Past $4K

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