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Oct 07, 2023

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SOC Team

Justin Sun re-accumulated all $ETH just hours after depositing to Binance

Total tokens transferred

Token ETH

20.344K

ETH

[Updated] Justin Sun allegedly further re-accumulated 6,000 $ETH from Binance at $1,642 ($9.85M) just now on October 7, 3:03 AM (UTC):

 

Notably, Justin Sun showed mixed feelings towards $ETH after the market dipped on October 5:

  • unstaked 19K $ETH ($30.7M) from Lido Finance and deposited to Binance at $1,617 ($32.3M) via address 0xbcb. Overall, Justin Sun applied to withdraw a total of 80,251 $ETH ($132M) on October 4
  • allegedly re-accumulated back a total of 20,344 $ETH from Binance at $1,620 on average ($33M) via address 0x9fc just hours after the deposit to Binance, and then has staked back 14,000 $ETH ($22.6M) with Lido Finance.
  • would suffer an estimated slight loss of $48.5K if truly bought and sold
  • however, it is noteworthy that address 0x9fc once deposited only a small amount of 25 $ETH ($45.1K) to Poloniex via Justin Sun: Poloneix deposit address 0xd6c on August 17, 2023; hence, it is unsure whether the address truly belongs to Justin Sun or not

 

Fig 1. Justin Sun's recent actions with $ETH after the market dipped on October 5.

 

[Previous] After the market dipped yesterday, Justin Sun allegedly deposited a net amount of 5,655 $ETH to Binance at $1,633 on average ($9.23M) between October 5, 15:29 PM and 17:19 PM (UTC):

 

Notably:

  • Justin Sun used to deposit 5,000 $ETH ($9.2M) to Houbi at $1,841 via address 0xbcb on August 12, 2023, right before the market crash that has driven $ETH price down by more than 14% since
  • address 0x9fc once deposited only a small amount of 25 $ETH ($45.1K) to Poloniex via Justin Sun: Poloneix deposit address 0xd6c on August 17, 2023; hence, it is unsure whether the address truly belongs to Justin Sun or not
  • Justin Sun: Poloneix deposit: 0xd6c99506298aed91894f48e2c5e3c40c288b17ca

 

Fig 2. Justin Sun's recent actions with $ETH after the market dipped yesterday.

#justin sun
#eth
#market
#dip
#mixed