Justin Sun Moves 55.01 Million USDC From HTX to Spark
According to analyst Ai Yi, Justin Sun deposited another 105 million USDC into Spark, with tracked deposits including 53,665 ETH totaling about $174 million as Spark’s USDC pool reached $467 million in TVL.
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Fact Check
The claim is likely true because two independent outlet pages in this run, Odaily's '分析师： Spark 目前 USDC 存款池 TVL 为 4.67 亿美元，孙宇晨资金占比近 22.5%' and BlockBeats' 'Justin Sun再次向Spark存入 5501 万U，已累计存入1.79亿美元资金', report the same core event: Justin Sun moved roughly 55.01 million USDC from HTX into Spark. Odaily and BlockBeats also align on the related broader figures that he had cumulatively deposited 105 million USDC into Spark, and with a prior 53,665 ETH deposit his tracked Spark position was about $174 million while Spark's USDC pool TVL was about $467 million. However, confidence is only medium because the direct upstream X post from analyst Ai Yi and direct on-chain transaction data were not fetched successfully in this run, so the evidence remains one step removed from the primary source.
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Summary
According to on-chain analyst Ai Yi on April 21, Justin Sun deposited 105 million USDC into Spark. The update says his tracked assets on Spark, including 53,665 ETH, now total about $174 million. Spark’s USDC deposit pool has a total value locked of $467 million. This follows the previously reported transfer of 55.01 million USDC from HTX to Spark.
Terms & Concepts
- USDC: A U.S. dollar-pegged stablecoin used across blockchain networks for trading, payments, and decentralized finance activity.
- Spark: A decentralized finance lending platform where users can deposit digital assets into liquidity pools and earn yield or access borrowing services.
- TVL: Total value locked, a metric showing the combined value of assets deposited in a decentralized finance protocol or pool.