Tron founder Justin Sun, who just joined Huobi cryptocurrency market as an advisor, moved millions of dollars in USDT tokens. Data shows that Sun has moved millions of dollars of stablecoin USDT into its wallet amid rising market volatility.
According to PeckShieldAlert, the address Justin Sun has taken more than $100 million in USDT tokens from Aave Protocol V2 in several transactions. The transfer was made to a poloniex-funded address.
Justin Sun withdraws 100 million USDT from Aave Protocol V2 in two batches of 50 million USD. It also states that Tron's creator has sent $100,000 TUSD to the same site sponsored by Poloniex.
Meanwhile, according to Whale Alert, Justin Sun moved more than $50 million in USDT from a flagged wallet to an unknown wallet. This transaction took place immediately after Tron’s developer received the USDTs from Aave.
Previously, Tron’s creator said that he has tens of millions of Huobi Tokens (HT). While he has formally taken over as the adviser of the Huobi crypto exchange, he will be increasing the HT tokens. As a result, the price of HT has increased by more than 90% in recent weeks.
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