Justin Sun, a prominent figure in the world of cryptocurrency, has made a recent move in the altcoin market, as revealed by onchain data.
According to reports, onchain data has shown that Justin Sun, a wealthy executive in the cryptocurrency industry, has sold off a significant amount of Curve Finance (CRV) tokens on the exchange Binance. The total value of these tokens amounts to $2.07 million, with Sun having purchased 5 million of them from Curve’s founder last year at a price of $0.4 per token.
Due to the founder of Curve facing liquidation issues, the price of the CRV token has plummeted to $0.31 at the time of writing. This means that Sun had to sell off the tokens he bought at a higher price of $0.4 in an over-the-counter (OTC) transaction, resulting in a loss.
In addition to the CRV tokens, Sun also transferred small amounts of MATIC, TRU, GAL, PROS, and WOO tokens to Binance. The largest transfer was that of MATIC tokens, valued at $88 thousand.
As of now, Sun still holds altcoins worth $1.05 billion in his cryptocurrency wallets. Please note that this information is not investment advice.
If you are interested in investing in over 300 cryptocurrencies, you can sign up with Binance exchange using this link for a 20% commission discount. Stay updated with exclusive news, analytics, and on-chain data by following our Telegram and Twitter accounts.
