Whale Sells $1 Million Worth Of SUN, Triggering 3% Price Drop

A large whale address, which previously offloaded significant amounts of SUN, has sold another $1 million worth of the token within the past two hours.

This latest sale caused the price of SUN to drop by nearly 3%, bringing it down to $0.02461.

This address, responsible for previous major sales, continues to influence the market, sparking concern among investors.

Notably, Justin Sun, founder of the TRON network, clarified that this wallet does not belong to him.

However, the whale’s previous sales have had a significant impact on SUN’s price. Since the last time this address sold SUN, the token has plunged 32%, dropping from $0.03633 to the current level of $0.02461.

On August 25, the same address sold $1.18 million worth of SUN on the blockchain. The following day, another $1.68 million worth of tokens were sold from the same wallet. These heavy sales have applied downward pressure on the token, reflecting the market’s sensitivity to large movements by whale addresses.

此前抛售 $SUN 的巨鲸地址过去两小时再次出售价值 100 万美金的 SUN，使得币价下跌近 3%，现价 $0.02461