On Christmas Eve, Justin Sun made a significant move, transferring 70,182 ETH (valued at $244.9 million) to HTX. This transfer included 42,905 ETH unstaked from Lido Finance and 27,277 ETH withdrawn from Etherfi.
Since November 10, Sun has deposited a total of 179,101 ETH, worth around $645 million, into HTX. Notably, his deposits have been timed close to local market peaks, with an average price of $3,601 per ETH.
Justin Sun (@justinsuntron) just transferred 70,182 $ETH ($244.9M) to #HTX on Christmas Eve, including 42,905 ETH unstaked from Lido Finance and 27,277 ETH from Etherfi.
Since Nov 10, he has deposited 179,101 $ETH ($645M) to HTX at an average price of $3,601, often near local… https://t.co/pFY9n2yI8k pic.twitter.com/QhMcgkHeXS
— Spot On Chain (@spotonchain) December 25, 2024
In addition to his recent transfer, Sun still holds a sizable stash of Ethereum-related assets. He maintains 106,905 stETH (worth approximately $372.4 million) and 56,277 ETH (valued at $195.8 million). Out of these, 25,000 ETH (worth around $87 million) is in the process of being unstaked from Etherfi.
Meanwhile, a prominent whale, believed to be associated with Nexo, deposited 4,946 ETH (roughly $17.2 million) into Binance within the past hour. Since December 2, Nexo has deposited a substantial 114,262 ETH (valued at $423.3 million) into the exchange, with an average price of $3,705 per ETH.
A whale(related to #Nexo) deposited 4,946 $ETH($17.2M) to #Binance again in the past hour.
Since Dec 2, #Nexo has deposited a total of 114,262 $ETH($423.3M) into #Binance at an average price of $3,705.https://t.co/c6431LYjTr pic.twitter.com/F4ISBhVisb
— Lookonchain (@lookonchain) December 25, 2024
In other Ethereum-related news, the Ethereum ETFs saw significant inflows on December 24, with a net flow of 45,140 ETH (worth $157.7 million). The iShares (BlackRock) Ethereum ETF saw the bulk of this, receiving 26,654 ETH, valued at $93.13 million. The fund now holds over 1 million ETH, amounting to $3.65 billion.
Dec 24 Update:
10 #Bitcoin ETFs
NetFlow: -2,306 $BTC(-$226.3M)🔴#Fidelity outflows 1,573 $BTC($154.29M) and currently holds 203,194 $BTC($19.94B).9 #Ethereum ETFs
NetFlow: +45,140 $ETH(+$157.72M)🟢#iShares(Blackrock) inflows 26,654 $ETH($93.13M) and currently holds 1,044,156… pic.twitter.com/aomD8nhdx8— Lookonchain (@lookonchain) December 24, 2024
These transactions signal growing institutional interest in Ethereum and hint at strategic moves from major players in the crypto space.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: nexusplexus/123RF // Image Effects by Colorcinch
