Justin Sun kupił BTC i ETH na spadającym rynku
Justin San took advantage of the decline in the price of cryptocurrencies on the market and bought Bitcoins and Ethereum
Sun wrote on Twitter that he saved cryptocurrencies. He purchased 4,145 BTC. The average cost of the token was $36.87 thousand. The total amount of investments is $152 million.
As for ETH, Sun purchased 54,153 ETH. He paid an average of $2.5 thousand for one token. The total investment amounted to $135 million.
In addition to Justin San, his bullish views on cryptocurrencies were confirmed by MicroStrategy CEO Michael Saylor and even Elon Musk. The Tesla founder posted a "Diamond Hands" emoji on Twitter, revealing that he was ready to hold Bitcoins.
Given that the price of Bitcoin at the time of writing is 37,994, we can say that bull traders and Bitcoin whales have put a lot of effort to support the first cryptocurrency.
In social networks there were reports about the outflow of a large number of Bitcoins from exchanges. They are actively bought by institutional investors. Therefore, the current correction in the market was called "the largest redistribution of wealth."