DeFi

Justin Sun Reportedly Deposited $21 Million in DeFi Tokens on Binance, Poised to Make Big Profits

Published

8 months ago

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Over the last 30 minutes, Justin Sun, the founder of TRON, reportedly deposited $21 million over four DeFi Tokens has Binance.

Tokens include:-

  • 93,979 AAVE valued at $11.26 million
  • 3,800 MKR valued at $9.3 million
  • 4,178 COMPs valued at $245,000
  • 203,623 LQTY valued at $217,000

If Sun decides to sell now, it could make substantial profits, especially from MKR and AAVE. For MKR, it could make an estimated profit of $6.74 million, a remarkable gain of 276%. For AAVE, the estimated profit would be $252,000, a gain of 2.3%.

The movement of such large quantities of DeFi tokens by a high-profile figure like Sun is likely to attract significant attention in the crypto community. Sun’s potential profits underscore the lucrative nature of strategic investments in the DeFi space. This also demonstrates its confidence in current market conditions, which are favorable for selling.

These transactions highlight the dynamic nature of the cryptocurrency market, where substantial value can be created and realized quickly. Investors and market watchers will no doubt be watching Binance closely to see if these tokens are indeed sold and how this might affect the market prices of AAVE, MKR, COMP, and LQTY.

As these developments unfold, they are a reminder of the impact that influential figures like Justin Sun can have on the market. The potential sale of these tokens could influence market sentiment and price movements, making it an important event for those investing in DeFi tokens.

Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.

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Image source: bestforbest/123RF // Image effects by Colorcinch



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