Justin Sun has made significant moves in the cryptocurrency market by depositing approximately $200 million into the LLP and subsequently withdrawing $38 million to acquire 13.25 million LIT tokens. This transaction highlights Sun's continued influence and strategic investments in the crypto space. In other developments, Bitcoin's 10-week and 50-week moving averages have crossed again, prompting analysts to caution about a potential deep pullback if historical patterns repeat. Meanwhile, Ethereum and Bitcoin spot ETFs faced substantial net outflows, with Ethereum ETFs seeing a $72.06 million outflow and Bitcoin ETFs experiencing a $348 million outflow, as none of the ETFs recorded net inflows. Additionally, Bithumb is set to list the XAUT/KRW trading pair, expanding its offerings in the cryptocurrency market. Coinbase has also projected that 2026 will see multiple forces converging to accelerate cryptocurrency adoption, signaling a potentially transformative year for the industry.
Justin Sun Acquires 13.25 Million LIT Tokens Amid $200M LLP Activity
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