Justin Sun posted on X platform stating, "Restaking and staking businesses have achieved significant results through long-term development. In the future, they will be split into independent brands and entities, operating independently to support and empower all blockchain staking businesses. They will also seek external financing and accept investments from top international investment institutions. Group profits will also benefit users, developers, and the community for mutual prosperity and development! Personally, I am only an advisor for the staking business. Please do not make jokes about me like 'Sun Brother bought Ethereum and got rich again' or 'Sun Brother's coconut chicken'. Currently, my main focus is on creating educational content for the industry through making TikTok videos."

1. ETH falls below $3,100

According to on-chain analyst @ai_9684xtpa, in the past 7 hours, Sun Yuchen has accumulated a total of 166 million USDT deposited into Binance.

As monitored by on-chain analyst Yu Jin, 4 hours ago, Sun Yuchen's Tron address (TXN...752) redeemed 85.53 million USDT from JustLend and immediately transferred it to Binance.

Lookonchain monitoring shows that Justin Sun has once again deposited 100 million USDT into Binance within the past 2 hours. From February 12th to February 24th, a wallet suspected to belong to Justin Sun purchased 168,369 ETH at a price of $2,894, with an unrealized profit of approximately $95 million.

On February 27th, it was reported that Justin Sun, the founder of TRON and a member of the HTX Global Advisory Committee, disclosed his HTX account balance on social media. According to the screenshot, the asset value is 28,613.73 BTC, which is about 1.624 billion US dollars.

Lookonchain monitoring data shows that 10 minutes ago, a wallet suspected to belong to Sun Yuchen purchased 18,616 ETH (worth $54.57 million) from Binance again. This wallet has purchased 151,196 ETH worth $435.3 million from Binance and DEX at a cost of $2,879 in less than 12 days.

According to Lookonchain monitoring, a wallet address suspected to be related to Justin Sun has just transferred 90 million USDT to Binance.

On January 16th, according to documents from the Southern District Court of New York, Sun Yuchen's legal team postponed the upcoming fraud and market manipulation trial (the third postponement so far) and restored the previously dissolved Singapore TRON Foundation. The initial lawsuit filed by the US Securities and Exchange Commission (SEC) in March of last year alleged that DeAndre Cortez Way (also known as SouljaBoy), Austin Mahone, and Sun Yuchen may have manipulated TRON and BTT tokens. Cortez Way defaulted, Mahone reached a settlement in August 2023. Sun Yuchen did not respond until a week after the absent judgment against Mahone, admitting that he would fight against the SEC.

According to official sources, on December 21st, Sun Yuchen, the founder of TRON and a member of the global advisory committee of Huobi HTX, expressed through his personal social media account that he has been in business for ten years and knows the heavy responsibility on his shoulders. He will do his best to do his job well. Sun Yuchen also stated that he no longer feels unfair or unjust about negative media coverage, but only cares about whether the assets of Huobi HTX users are 100% safe and whether the transfer services of two billion TRON users are smooth, decentralized and secure enough. He also stated that he promised people to create a better financial order through blockchain technology and cannot disappoint everyone. However, this goal requires satisfaction from regulation, users, and society, and more time to do more things. Regarding recent industry regulatory issues, he also stated that decentralization and compliance are the general trend, and he will do his best to do his job well.