3.5 Bln TRX Wired by Tron Foundation and Crypto Whales in One Hour

News
Mon, 09/21/2020 - 10:28
Yuri Molchan
Whale Alert detected multiple TRX transactions carrying lumps from 30 mln to 500 mln TRX wired by Tron foundation and anon users within one hour: $100 mln
3.5 Bln TRX Wired by Tron Foundation and Crypto Whales in One Hour
Cover image via stock.adobe.com
Contents

Major DLT transaction tracker Whale Alert has spotted a mammoth-sized amount of TRX (approximately 3.5 bln) wired in just one hour.

The transfers were made by anonymous crypto whales and from wallets that belong to Tron Foundation.

Gargantuan TRX lumps have been wired

Several gargantuan lumps of Tronix (TRX), worth from 300 mln to 750 mln TRX each, have recently been shifted from anonymous wallets.

In total those transactions equal to 2,350,000,002 TRXthat is $72.3 mln.

TRX
Image via Twitter

Further transactions were made from wallets belonging to Tron Foundation and unregistered owners.

TRX
Image via Twitter

These jaw-dropping amounts of TRX moved are likely to be linked to the recent Tron DeFi activity and the launch of the JustSwap dex.

The total amount wired in TRX equals approximately $100 mln.

Related Justin Sun Claims Number of Tron Users Exceeds World Population, Apologizes
Related
Justin Sun Claims Number of Tron Users Exceeds World Population, Apologizes

Tron goes all in on DeFi

As reported by U.Today recently, Tron CEO Justin Sun announced that Tron Foundation was going all in on DeFi together with the Just team.

Together, they launched the Tron-based JustSwap decentralized exchange. After the launch on August 18, trading volume quickly rose to over $5.8 mln.

Besides, aiming to challenge the ETH-based DeFi system, Sun announced the launch of a $10 mln fund that will sponsor and incentivize DeFi dev teams who will choose to create their dapps on Tron.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.