Justin Sun, a prominent figure in the cryptocurrency market, has once again made headlines with his latest transaction. According to Onchain data, Sun transferred five different tokens, worth approximately $16.2 million in total, to the $HTX exchange.
According to information shared by blockchain analyst ai_9684xtpa, the transfer took place on the night of March 31st. The transferred assets included approximately $2.53 million worth of TRON (TRX), while the largest share consisted of stablecoins totaling $13.45 million. These stablecoins included Tether (USDT), USD Coin (USDC), and $USDD ($USDD).
In addition, smaller amounts of different tokens were also transferred. Approximately $12,700 worth of FF, $75,000 worth of KERNEL, and $132,000 worth of $LIT tokens were reportedly sent to $HTX. These three assets are said to be airdrop tokens distributed to users as part of restaking projects.
Experts believe that the deposit of FF, KERNEL, and $LIT tokens, particularly those obtained through airdrops, onto exchanges could signal preparations for a potential sell-off. However, no official statement has yet been made regarding the transaction.
Market observers note that such high-value transfers could put downward pressure on prices in the short term, while investors continue to closely monitor similar movements.
*This is not investment advice.
