the man behind Tron (TRX), Justin Sun, and some unidentified big-shot crypto enthusiast have been on an Ethereum (ETH) shopping spree. According to the folks at Lookonchain, a company that keeps tabs on blockchain activities, Sun and his crypto companion have bagged a whopping $182 million worth of Ethereum since December 26th.
Whale Alert: 0x9314 Drops $143 Million on ETH
Lookonchain dug deep and discovered a wallet with the tag 0x9314 that’s been flexing its financial muscles. This big spender threw down a cool $48 million for 21,192 ETH at $2,265 on a decentralized exchange (DEX). But that’s not all – since January 1st, this mysterious whale has been making it rain with a total of 79,980 ETH, equivalent to a jaw-dropping $143 million. Talk about deep pockets!
And then there’s our man Justin Sun. He’s been playing the crypto game too, pulling out a hefty $39.2 million worth of ETH from Binance. That’s quite the stash! It seems like he’s opting for the cold storage approach, keeping his digital treasures safe from the hustle and bustle of the crypto world.
Paradigm Makes Moves: ETH on the Move to Coinbase
But wait, there’s more! Lookonchain has its eyes on Paradigm, a crypto-focused venture capital firm. These guys are no strangers to the game – they’ve been shuttling around 6,500 ETH (that’s $14.67 million) to Coinbase. Rumor has it they’re experts at the buy-low-sell-high strategy, making moves in bear markets and cashing in during bull markets. Smart moves, Paradigm!
As for Ethereum itself, at the time of putting pen to paper, it’s hanging out at $2,248. So, whether you’re a crypto mogul like Justin Sun, a mystery whale making waves, or a savvy venture capital firm like Paradigm, the Ethereum rollercoaster is one wild ride! Keep those wallets open and your eyes on the market, folks!
