Justin Sun’s HTX holdings surpass $1.6b, surpassing 50% of the exchange’s total.
Tron founder Justin Sun has unveiled his personal HTX account, revealing holdings worth approximately $1.6 billion, which is equivalent to 28,613 BTC.
There have been recent allegations on social media suggesting that Sun, as an HTX advisor, does not actively use the platform himself. However, Sun has clarified these speculations on X, stating that he actively uses all leading exchanges.
Sun’s screenshot has sparked discussions about HTX’s reserves. According to HTX’s publicly disclosed reserve certificates as of Feb. 1, the exchange holds nearly $3.5 billion in reserve assets. This includes 540 million USDT, 21,543 BTC, 109,000 ETH, and 9.4 billion TRX. Consequently, Sun’s assets cover over half of HTX’s reserves.
Sun’s net worth could potentially place him among the top ten wealthiest leaders in the crypto industry. This development highlights the ongoing conversation about transparency and trust within the cryptocurrency sector. High-profile individuals like Sun play a crucial role in shaping perceptions and instilling confidence among investors and users.
Last week, crypto.news reported that Sun may have purchased $160 million worth of Ethereum, indicating a bullish trend for the second-largest cryptocurrency. ETH has experienced a rally, reaching $3,200 for the first time in two years. This means Sun’s latest acquisition has also appreciated by 11% based on the latest price.
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