Justin Sun Reportedly Planning to Sell $21 Million in DeFi Tokens

Justin Sun Allegedly Preparing to Liquidate $21 Million DeFi Holdings

Crypto News- Justin Sun is poised to rake in over $7 million in profits. The DeFi tokens he transferred to Binance are:

• 93,979 Aave (AAVE), valued at approximately $11.26 million.
• 3,800 Maker (MKR), worth around $9.3 million.
• 4,178 Compound (COMP), estimated at $245,000.
• 203,623 Liquity (LQTY), totaling $217,000.

These transfers originated from three different crypto wallets, with Spot On Chain monitoring 13 addresses linked to Sun.

“These addresses might belong to the entity Justin Sun,” stated Spot On Chain. If Sun goes ahead with the sale, he could see significant profits, particularly from MKR and AAVE. Projections indicate a $6.74 million profit, a 276% gain from MKR, and $252,000, a 2.3% increase from AAVE. Combined, these could net him over $7 million in profits.

However, Spot On Chain has not released any trading history for COMP and LQTY.

Interestingly, the market response has been relatively muted. The current price changes for these DeFi tokens are minimal – AAVE is down by 0.67%, MKR by 2.09%, COMP by 0.40%, and LQTY by 1.82%. Besides these tokens, Sun’s crypto portfolio is vast. In February 2024, he revealed holdings of over 28,000 Bitcoin (BTC) through his HTX account, valued at about $1.6 billion. Additionally, data from Arkham shows his public crypto assets exceed $1.08 billion, making him one of the wealthiest figures in the crypto industry based on available on-chain data.

FAQ on Justin Sun’s Potential $21 Million DeFi Token Sale

For the latest in crypto updates, keep tabs on Crypto Data Space.