Justin Sun moves 60,000 eth while price takes up USD $ 3,800

By Hannah Pérez

A wallet linked to Justin Sun would have removed Eth from Binance to deposit them in Aave on Saturday. This after last week 80,000 ETH from the protocol, generating ravages in the defi ecosystem. Reports suggest that it has moved more than USD $ 500 million in ETH in recent days.

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Wallet linked to Justin Sun would have removed Eth from Binance to deposit them in Aave.
Last week he withdrew 80,000 ETH from AAVE, raising ravages in the defi ecosystem.
Reports suggest that it has moved more than USD $ 500 million in ETH in recent days.
ETH arose over USD $ 3,800 in the middle of the last SUN movements.

Justin Sun, the Cryptocurrency Magnate founding Tronis making whale movements Ethereum (ETH) in the middle of a price emerge and after a series of bulky transactions during the week.

The chain track account Whatle alert He warned Saturday night that a wallet address apparently belonging to SUN had retired 60,000 ETH, for an approximate value of USD $ 226 million, of the exchange Binance.

A few minutes later, the journalist BlockchainColin Wu, suggested in its X account that the 60,000 eth had been removed from the decentralized protocol of Staking liquid, Lido, today and subsequently deposited in Aave. The Sun Directorate “It has more than 630 million dollars in ETH between Lido and Aave“said the observer, based on chain data.

Justin Sun’s Address (0x17… A132) withdrew 60,000 eth from Lido at 10:13 UTC+8 Today and Subsequently deposited it into an aave, with A Total Value of Approximately $ 226 Million. The Address Currently Holds Over $ 630 Million Worth of Eth Across Lido and Aave.https: //t.co/xe0radmvzs

– Wu blockchain (@wublockchain) July 27, 2025

The movements preceded a resurgence of the price of Etherwhich early in the morning on Sunday resumed a height of USD $ 3,800. Eth jumped towards a local cap of USD $ 3,840, – I spend the last time at the beginning of last week and before that not seen since last December – at 7:00 am (ET) before a modest reverse.

Sun wallet moves millions, havoc causes in AAVE

Deposits in Aavea protocol of defi loans, raises doubts about Sun’s strategic intention; that could be looking for a better performance for your ETH or taking advantage of your assets as a collateral to ask for loans. However, it is not isolated.

The week, the reports indicated that addresses linked to SUN and the exchange of cryptocurrencies HTX —The calls Huobi and with which he keeps close ties – they withdrew significant amounts of ETH guarantee from Aavewhich caused a waterfall of reactions in the market, including an increase in indebtedness costs in the protocol.

The whales of Ethereum They starred in a massive retirement event that reduced ETH liquidity in Aaveincreasing loan interest rates and affecting leverage strategies such as “Loops”From Steth/eth. As a result, the Token Steth of Lido 0.3% of the ETH value was taken off, which generated losses for leverage operators and congestion in the withdrawal of Staking of Lido.

Tom Wan, Chief of Data of Entropy Advisorshe said in an X publication on Wednesday, which HTX And Sun had been one of the great entities that had been actively retiring Seth in recent days, moving around 80,000 steeth combined.

That day, the non -finished withdrawal of Lido reached a new historical maximum of more than 235,000 Steth Exit pending, said Wan, illuminating the strong impact of whale movements on the market.

In sum, SUN movements in recent days are valued at USD $ 532 million in ETH, at today’s price. It is worth noting that it is not the first time that the directions affiliated with HTX and Sun move millions, and sometimes billions, of dollars through defi protocols, wreaking ravages in the decentralized market, as he remembers The Defiant.

The most recent transactions occur in the midst of an impulse to Ethereumfed by a renewed institutional interest, a clearer regulatory environment in the US and the growing trend of ETH corporate treasury. At the time of publication, ETH negotiates 2% higher in 24 hours, at USD $ 3,814 the unit.

Hannah Estefanía Pérez / Diariobitcoin

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