Ramazan Eles 
SpotOnChain reports that a suspected wallet of TRON founder Justin Sun has been buying Ethereum (ETH) dips.
According to SpotOnChain, Justin Sun, the founder of TRON, has been purchasing Ethereum (ETH) at a price of $3,097 through a suspected wallet. This purchase, which amounted to 1,614 ETH, cost Sun approximately $5 million in USDT. This is a significant development for ETH, as it comes at a time when the coin has been struggling to recover from recent losses. Moreover, Justin Sun is a well-known figure in the crypto space, and his actions can have a significant impact on the market.
SpotOnChain’s findings also reveal that Sun has been on an Ethereum buying spree, accumulating 362,751 ETH since February 8th. These purchases, made at an average price of $3,047, were executed through three different wallets. The total cost of these ETH acquisitions is estimated to be around $1.11 billion.
Justin Sun’s recent deposit of approximately 45 million USDT into the crypto exchange Binance further suggests that he may be using these funds to purchase even more Ethereum in the near future. These potential purchases could provide a much-needed boost to ETH’s price.
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