Crypto luminary Justin Sun is purportedly contemplating a significant sale of decentralized finance () tokens worth around $21 million. According to Spot On Chain, an on-chain analysis firm, Sun has transferred an assortment of tokens into the crypto exchange – Binance.
Should Sun proceed with the sale, the profits could be substantial, particularly from MKR and . Estimates suggest a profit of $6.74 million, a 276% gain from MKR, and $252,000, a 2.3% increase from AAVE. These two tokens might give him over $7 million in total profits.
However, Spot On Chain has not disclosed the trading history for and LQTY.
Interestingly, the market has not reacted strongly to these developments. The current price movements of the involved DeFi tokens are relatively modest – AAVE has dipped by 0.67%, MKR by 2.09%, COMP by 0.40%, and LQTY by 1.82%.
In addition to these tokens, Sun’s cryptocurrency portfolio is expansive. He revealed in February 2024 that his holdings include over 28,000 Bitcoin (BTC), managed through his HTX account, with a market value of about $1.6 billion.
Furthermore, data from ARKHAM indicates that his public crypto assets exceed $1.08 billion. Based on publicly available on-chain data, this positions him as one of the wealthiest individuals in the crypto sector.
