In the realm of cryptocurrency, few events spark as much interest as significant asset acquisitions by notable industry figures. 

Recently, Justin Sun, a prominent blockchain entrepreneur, has been in the spotlight of discussions after making massive purchases of Ethereum (ETH). According to Lookonchain, Sun has been associated with a series of transactions amounting to approximately 127,388 ETH, valued at around $405.19 million. Sun’s significant activity started on April 8 and has continued to draw attention due to its potential implications for the market. 

Although wallets associated with Justin Sun have a history is significant ETH purchases, they also exhibit massive selling activities. Since March 31, reports show that the wallet has transferred 787 million USDT to Binance on Tron, a move that adds another layer of intrigue to Sun’s trading activities.

Previous reports indicate that a wallet associated with Sun acquired a sum of 168,369 ETH valued at around $487 million, priced at $2,894 between February 12 to February 24. These acquisitions occurred across both Binance and DEX. Despite the similarities in trading activities, they are still linked to Justin Sun.

The question now is, why is Justin Sun buying massive amounts of Ethereum (ETH)? 

Justin Sun often rationalizes significant trades associated with him as a means to distribute liquidity across his diverse business endeavors. In fact, there are corresponding trades involving Shiba Inu (SHIB), as Sun is identified as one of the largest whales holding Shiba Inu tokens at present. 

Despite Ethereum’s position as the leading pioneer in smart contracts with a strong DeFi ecosystem, the trades linked to Justin Sun serve an additional evidence that Ethereum continues to lead in terms of liquidity inflow. 

Currently, Ethereum (ETH) is trading at $3,195.70, marking a 0.79% increase over the last 24 hours.