Justin Sun and Vitalik Buterin’s Cryptocurrency Wallets Experiencing Multiple Outward Transfers

Surprisingly, both TRON founder Justin Sun and Ethereum co-founder Vitalik Buterin allegedly transferred Ethereum (ETH) from their well-known wallets.

Justin Sun reportedly withdrew 23 thousand ETH (equivalent to $37.7 million) from Lido Finance and transferred it all to a new address, 0x454. Despite the large transfer, it appears that Sun did not sell his ETH. Interestingly, another address related to HTX (Huobi) withdrew 42,999 ETH from Binance just a few hours after Sun deposited ETH to Binance and re-stake it on Lido.

This isn’t the first time Sun has made significant moves. Just two days ago, on October 5, he withdrew 19 thousand ETH ($32.8 million) from Lido Finance and deposited it to Binance.

Before that, he had deposited 5,000 ETH ($9.2 million) to Houbi at $1,841 via the address 0xbcb on August 12, 2023, just before a market crash in which the price of ETH fell by more than 14%.

On the other hand, Vitalik Buterin transferred a relatively smaller amount of 1,000 ETH ($1.64 million) to address 0x556 today. On the other hand, Vitalik Buterin transferred a relatively smaller amount of 1,000 ETH ($1.64 million) to address 0x556 today. It is noteworthy that Buterin has deposited a total of 2.6 thousand ETH ($4.2 million) to Bitstamp and Paxos through this address since September 17.

*This is not investment advice.