Justin Sun, founder of Tron, liquidated $30 million in Ether from Lido by sending it to the crypto exchange Huobi
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In a recent development, Justin Sun, founder of the Tron network and a prominent figure in the crypto space, withdrew a significant amount of Ether (ETH) from liquid staking platform Lido Finance. He subsequently sent the tokens to the popular cryptocurrency exchange Huobi. This move raised concerns and sparked speculation about Sun’s intentions, especially since the cryptocurrency market experienced a significant surge during the same period. Despite the disengagement, Sun’s cryptocurrency wallets still retain a substantial amount of Lido’s stETH token, valued at about $543 million, according to data from Arkham Intelligence. The withdrawal of the Tron founder from the
A renowned crypto industry figure comes forward with allegations that the brother of Huobi’s founder has been aggressively picking up the exchange’s native token for free. And then dumping the hoardings at a profit. Justin Sun, the founder of Tron (TRX) and a stakeholder in Huobi, the cryptocurrency exchange, claims…
In a recent development, Justin Sun, founder of popular blockchain Tron, has urged people to disregard speculations that the crypto exchange Huobi is facing severe challenges following news of the alleged detention of some of the platform’s officials. The rumors appear to be a major contributing factor to why the…