Tron founder Justin Sun has recently transferred 19,000 ETH, valued at approximately $60.83 million, to the crypto exchange HTX. This move follows Ethereum's 29% price surge, pushing its value to $3,200.

Sun's Ethereum accumulation strategy between February and August involved acquiring around 392,474 ETH at an average price of $3,027 per coin. The recent transfer represents a small portion of his total holdings.

In response to speculation about a potential sell-off, Sun clarified that he rarely engages in leveraged trading strategies, emphasizing his focus on industry support through activities like staking and running nodes.

Additionally, an early Ethereum ICO investor moved 1,555 ETH, worth around $5 million, to Coinbase, reflecting significant profits from the initial investment.

These developments highlight the dynamic nature of the cryptocurrency market and the strategic decisions of key industry figures. Show Less