Tron founder Justin Sun has added 20,633 Ethereum (ETH) worth nearly $33 million to his wallet in the last 4 days. Justin Sun is supporting Ethereum PoW hard fork plan of EthereumPoW (ETHPoW) and listing ETHW and ETHS on his crypto exchange Poloniex. In fact, he had promised to donate forked ETH tokens to support the community and the PoW ecosystem.
Justin Sun Transfer Ethereum (ETH) Tokens Before the Merge
According to Etherscan data, the address marked by Nansen as “Justin Sun” has added 20,633 Ethereum (ETH) in two transactions in this week. Justin Sun added 5,633.05 ETH worth nearly $9 million from Poloniex on Monday and added 14,999.87 ETH worth nearly $24 million from Poloniex today, September 2.
The wallet address now has 268,280.58 ETH worth $425 million. The net worth of the wallet in ETH is 277,685.98, which is over $440 million.
Tron founder Justin Sun is a primary supporter of Chinese prominent miner Chandler Guo’s Ethereum proof-of-work (PoW) plan. After Ethereum switches to proof-of-stake (PoS), miners will become obsolete. Therefore, the EthereumPoW community has been established to perform a PoW fork of Ethereum. So that miners can continue mining ETH on the Ethereum PoW blockchain.
However, Ethereum co-founder Vitalik Buterin and other crypto influencers believe miners should switch to Ethereum Classic. Ethereum Classic community and ETC Cooperative organization think Ethereum hard fork will not work and urges ETHPoW to drop the PoW hard fork plan.
Trending Stories
Litecoin Price Jumps 6% In Two-Day; Are You Still Buying?
Altcoin News
Bitcoin Price Support Near $19,800 Aided Recovery; Are Gains Sustainable?
Altcoin News
This Level Remains Critical For Ethereum Price Next Round Of Action; Here's Why
Altcoin News
Can this Bullish Pattern Assist BTC Buyers in bottoming at $19500?
Altcoin News
$0.064 Support Breakdown Position TRX Price For 10% Fall
Altcoin NewsMeanwhile, Chandler Guo and EthereumPoW are confident about successfully completing all preparations for the Ethereum hard fork before the Merge.
Justin Sun and his crypto exchange Poloniex support the Ethereum hard fork and announced plans to list ETHW and ETHS tokens before the Merge. Other crypto exchanges are open to listing the ETHW token if the hard for is successful.
Ethereum (ETH) and Ethereum Classic (ETC) Prices Rally
ETH price had rallied to over $2000 in anticipation of the Merge. However, the prices corrected as whales and investors started selling ETH after Ethereum Foundation cleared misconceptions about the Merge and deflationary price after the Merge. The price is currently trading at $1,586, up almost 3% in a day.
Meanwhile, Ethereum Classic (ETC) price has been rallying higher as miners are likely to switch to Ethereum Classic after the Merge. The price is trading at $32.63, up nearly 3% in the last 24 hours.
- Trending
- Price Analysis
- Tron Founder Justin Sun Adds 20,633 Ethereum (ETH) Ahead Of Merge, Here’s Why
- Breaking: Vasil Hard Fork Month Starts With Robinhood Listing Cardano (ADA)
- New Bitcoin Lows After Michael Saylor Lawsuit, Here’s Why
- Bitcoin (BTC) Price To Remain Inactive In September? Here’s What Analysts Say
- Polygon (MATIC) Price Awaits Rally To $1 After This Latest Update
- Crypto Community Splits Over Michael Saylor Tax Fraud
- How California Crypto Regulation Bill Can Affect The Market?
- Breaking: Ethereum Merge Could Happen Before September 15, Here’s Why
- There Will No More OpenSea NFTs on ETH PoW Very Soon
- Bitcoin Price Might Suffer More In September; Suggest Experts
- Litecoin Price Jumps 6% In Two-Day; Are You Still Buying?
- Bitcoin Price Support Near $19,800 Aided Recovery; Are Gains Sustainable?
- This Level Remains Critical For Ethereum Price Next Round Of Action; Here’s Why
- Can this Bullish Pattern Assist BTC Buyers in bottoming at $19500?
- $0.064 Support Breakdown Position TRX Price For 10% Fall
- Can This 8% Reversal From $3.7 level Encourage NEAR Price recovery?
- AAVE Price Remains Pressured Below $85.0; Is Correction Just Begins?
- Bullish pattern Spotted On CRV Chart; When’s The Right Time To Buy?
- Ethereum Price Retest $1,600 Amid Low Volatility; A Bull’s Trap?
- After Falling 27% EOS Price Recovers Toward $1.50; Time To Enter?
