Justin Sun has invested $ 146 million in Ethereum

Tron founder Justin Sun’s team has transferred 41,630 ETH (equivalent to $ 146 million) to centralized exchanges after the price of Ethereum rose by 60% over the past month. The majority of this amount — 39,000 ETH (about $ 137 million) — was transferred to the HTX exchange, while 2,630 ETH (about $ 8.76 million) went to Poloniex.

Of particular interest is that these transfers were made at an average Ethereum price of $ 3,505, which raises speculation about their motive. Additionally, only 8 hours before the time of publication, Sun transferred another 20,000 ETH (approximately $ 76.3 million) to HTX when the price of Ethereum exceeded $ 3,800.It is noted that such large-scale transactions have caused heated discussions in the crypto community. Some believe that Sun is preparing for a big deal or providing liquidity. Others see it as a strategic move in the context of the rising Ethereum price.

The focus of the transfers on HTX raises additional questions. It could be a demonstration of confidence in the exchange or part of a larger strategy.