TRON Whale Withdraws Almost $1B From JustLend

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Arkm-research2024/09/19 16:00

By:Research Team

TRON Whale Withdraws Almost $1B From JustLend image 0

Tron whale (TGfWK) on Arkham

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A Tron whale wallet ( TGfWK ) withdrew 15,000 Tron BTC, or just over $936M worth from Tron’s leading money market platform, JustLend. The initial deposit was made way back in August 2022, with 60,000 BTC worth $1.3B at the time. Today, the entire position is worth $3.744B, a 188% return on their investment.

TRON Whale Withdraws Almost $1B From JustLend image 1

The original deposit of 60,000 BTC into JustLend

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Immediately after withdrawal, the BTC gets transferred to a second wallet ( TAyZr ), where it is redeemed into native BTC via a transfer to a Black Hole Address ( T9yD1 ) controlled by the Tron Foundation. Interestingly, the second wallet (TAyZr) once received a transfer of 90 BTC from Justin Sun in October 2023. While this does not necessarily imply ownership, it suggests some connection between Sun and this Tron whale.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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