Tron founder Justin Sun Buys 1,614 ETH Worth $5 Million USDT

The recent ETH purchases coincide with preparations ahead of the anticipated approval of a spot Ether ETF by the end of July. Spot on Chain, an on-chain data provider, also noted Sun’s deposit of 45 million USDT to Binance, suggesting potential future Ethereum acquisitions.

Meanwhile, Ethereum whale activity has surged, with notable deposits and transactions. The Golem Project, for instance, made significant ETH deposits to Binance but has reportedly ceased selling while staking 40,000 ETH. 

Elwood Technologies followed suit by depositing 26,811 ETH, valued at over $84 million, to Binance within the last three days. However, withdrawals of 24,463 ETH from Elwood-related addresses on Binance were also observed during the same period.