Justin Sun transfers over $280m in sudden spike

 Justin Sun — co-founder of ethereum (ETH) and tron (TRX) — likely moved over $281 million worth of tokens since Jan. 16.

Data gathered from blockchain analytics service Arkham Intelligence show that transactions sent from or to Justin Sun’s known wallets since Jan. 16 are worth a total of nearly $282 million.

When examining this data, it must be kept in mind that much of that is the same assets being moved into Sun’s wallets and immediately out. As of press time, there is no explanation for this on-chain activity.