Sun Yuchen’s wallet addresses on the chain have changed significantly
On March 10, according to PeckShield Alert monitoring data, Sun Yuchen transferred about 14 million TRX to Binance in BNB Chain within the past 48 hours. The relevant address marked “Justin Sun” on the chain has redeemed 828 million BTTs, and then removed 100.7 ETHs and about 130 million BTTs from Uniswap V2. The address also removed about 176 ETHs and 4 million TRX from Uniswap V2, and redeemed about 90 million TRX in the past 9 hours.
Interpretation of this information:
According to PeckShield Alert monitoring data, Justin Sun has transferred approximately 14 million TRX to Binance in BNB Chain within the past 48 hours. This suggests that Sun may be planning some major changes or investments in the near future. Additionally, the address marked “Justin Sun” on the chain has redeemed a significant amount of BTTs and removed ETH and BTTs from Uniswap V2. This could potentially signify that Sun is divesting himself of these assets or reallocating them for another purpose. Furthermore, the address has also removed a significant amount of ETH and TRX from Uniswap V2, and redeemed a large amount of TRX in the past 9 hours alone. This points to the possibility that Sun is taking advantage of the current market conditions to make some strategic trades.
Overall, Sun’s recent activity in the cryptocurrency markets suggests that he is preparing for some big changes or investments. Whether this will involve Binance or other platforms remains to be seen. Nevertheless, investors and traders may want to keep an eye on Sun’s activities in the coming days to gain a better understanding of where the market is headed.
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