Sun Yuchen transfers 70000 ETH to HTX again! My explanation: I still have a long-term positive outlo
Sun Yuchen transfers ETH again
According to the information shared by Spot On Chain, Sun Yuchen's associated address transferred 70182 ETH to HTX again this morning, with a total value of approximately 245 million US dollars, of which 42900 were unlocked from Lido and 29277 from EtherFi.
Since November 10th, he has deposited a total of 179101 ETH (approximately $645 million) into HTX, with an average price of $3601. As of now, Sun Yuchen still holds 106905 stETH (worth approximately $372.4 million) and 56277 eETH (worth approximately $195.8 million), of which 25000 ETH (worth $87 million) are being released from Etherfi and may continue to be transferred to HTX in the future.
Sun Yuchen came forward to explain
Previously, although on chain data showed that Sun Yuchen had been transferring Ethereum to HTX, Sun Yuchen himself posted on X stating that this measure was not for clearing Ethereum, but simply for transferring funds between different wallets. In his tweet, he said:
The rumors circulating on the internet about us clearing ETH are untrue. This is just our ETH transfers between different wallets. We still have a long-term positive outlook on the Ethereum ecosystem
However, the community generally does not believe Sun Yuchen's explanation and has expressed that 'Sun's words cannot be trusted, and Sun's actions must be followed up'.
