Justin Sun Deposits $200M to LLP, Buys $33M in LIT Tokens
Recent blockchain data reveals Justin Sun has sold a small portion of his LIT holdings, but retains a sizable position valued at over $34 million.
SUN
Summary
Justin Sun has reportedly sold about $200,000 worth of LIT tokens while maintaining substantial holdings. His wallet still contains approximately 13.23 million LIT, valued near $34.4 million. This follows his earlier January acquisition of 13.25 million LIT worth $33 million after withdrawing $38 million from Lighter LLP. The transactions highlight Sun’s continued significant stake and activity in the LIT token market.
Terms & Concepts
- On-chain analysis: The study of blockchain transaction data to track and interpret fund movements.
- LIT token: The native cryptocurrency of Litentry, a blockchain project focused on identity aggregation.