TechFlow News, August 5 — According to on-chain analyst Yujin, a newly created address suspected to belong to Justin Sun purchased 16,236 ETH with 37 million USDT within the past three hours, at an average price of $2,279 per ETH. The address was created three hours ago and withdrew 38 million USDT from HTX before spending 37 million USDT on-chain for the transaction.
The reasons why this address may belong to Justin Sun include:
- Over the past two days, Justin Sun has transferred 210 million USDT to HTX;
- The USDT withdrawal originated from large-scale transactions on HTX;
- The on-chain behavior of this address is consistent with that of multiple previous addresses used by Justin Sun to purchase ETH.
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