According to a post by Lookonchain, the wallet believed to belong to Justin Sun has purchased 18.616 ETH worth $54.57 million from Binance.
The founder of Tron (TRX), Justin Sun, has recently made moves related to Ethereum.
At this time, Sun may have bought back ETH.
According to a post by Lookonchain, the wallet believed to belong to Justin Sun has purchased 18.616 ETH worth $54.57 million from Binance.
Lookonchain also stated that this wallet has purchased 151.196 ETH worth $455.3 million at an average price of $2,879 over the past 12 days.
Ethereum is currently trading at $2,945 at the time of writing.