A new address suspected to belong to Justin Sun has used 37 million USDT to purchase 16,236 ETH in the past three hours

PANews reported on August 5th, according to on-chain analyst Yu Jin's monitoring. A new address suspected to belong to Justin Sun used 37 million USDT in the past three hours to buy 16,236 ETH at an average price of $2,279.

This address was created three hours ago and withdrew 38 million USDT from HTX. It then spent 37 million USDT on-chain to purchase 16,236 ETH at an average price of $2,279.

This address is likely owned by Justin Sun for several reasons: In the past two days, Justin Sun has transferred 210 million USDT into HTX; a large amount of USDT was withdrawn from HTX; this address's operations are consistent with those previously used by "Brother Sun" for purchasing ETH.