In a truly unprecedented event, the newly created wallet accumulated an astonishing amount of two cryptocurrencies from the centralized exchange Binance. The latest update from on-chain tracker EmberCN reveals that this new wallet has withdrawn over 7,000 ETH (Ethereum) and 9,000 USDT (Tether) in the past day, sparking a wave of discussion and speculation in the crypto space. broke out. .
Let’s take a closer look at this new wallet’s on-chain data. It will raise eyebrows across the broader crypto industry.
Does the new wallet have anything to do with Justin Sun?
Interestingly, speculation about the wallet's potential identity is already swirling and sweeping crypto investors and traders. As we have seen previously, it has been noted that such a staggering amount of ETH and USDT has been accumulated by TRON founder Justin Sun from Binance, and crypto market participants believe that this accumulation is also due to him. I'm whispering that it might belong to.
In fact, this latest move appears to be consistent with previous patterns observed in February and April, when addresses associated with Sun Ge followed a similar trajectory. However, no concrete evidence has been presented to support this.
Meanwhile, the exact amount withdrawn from the wallet totaled 7,402 ETH, equivalent to $23.03 million and 95.67 million USDT. Moreover, this accumulation highlights that digital assets are gaining confidence among investors and the adoption of cryptocurrencies is rapidly increasing across the world.
For the time being, it is also worth noting that the address from which these funds were withdrawn is “0x205194d171c74e9efa3ca53a0f78e48472cac621”. Also, the unknown address's large investment in Ethereum appears to be strategic, as the token has recently shown signs of consolidation.
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ETH price increases slightly
At the time of writing, Ethereum price has increased by 0.08% in the past 24 hours and is currently trading at $3,149.15. Interestingly, today's significant bearish movement in the token largely coincides with a massive decline in the crypto market.
Additionally, the broader chart shows that the token is currently stabilizing around the $3.1,000 mark, with the above accumulation hinting at a price increase for the token going forward. this There is even more talk among investors.
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