Justin Sun recently withdrew 52 ETH from a liquid staking protocol Lido Finance approximately yf $209 million. Members of the crypto community have already expressed concern that such activity of the blockchain founder Tron may impact the ETH market.
According to blockchain analytics firm Spot On Chain, Sun has amassed 392 ETH across three wallets. These assets are now valued at $474 million.
Blockchain Founder Tron made several large transactions between February and August 2024. In October last year, Sun transferred 80 ETH (then worth $251 million) from Lido to the crypto exchange Binance . After this transaction the price Ethereum fell 5%.
A new large transfer may also have a negative impact on the leading altcoin’s rate, cryptocurrency analysts believe. Despite the fact that since the beginning of the year the rate Ethereum up nearly 71,5%, it underperformed compared to Bitcoin, which rose an impressive 142% over the same period.
Other indicators Ethereum cause optimism. For example, the total locked value ( T ) the leading altcoin has grown by $2,22 billion over the past week, slightly behind Bitcoin's $3,09 billion gain.
From December 9 to December 13, net capital inflows into ETFs on the fundamentals Ethereum amounted to $855 billion, which became a record figure for the week.
Technical patterns on the ETH chart also give investors reason to be optimistic. Currently Altcoyin formed a "golden cross" that was last recorded in 2021, shortly before эфириум grew by 200% in less than 10 weeks.
