Analysis of Recent Operations by Sun Yuchen and the Tron Foundation in the SUN Token Market
Publication Time:2024-08-30 11:31:10
Golden Finance reports that on-chain analyst @ai_9684xtpa detected that following the first batched sale of SUN tokens by addresses associated with Sun Yuchen and the Tron Foundation, the coin's price has dropped by 31.4%, from $0.04308 to $0.02953. This sale occurred at the short-term peak of the coin's price, attracting significant market attention. Interestingly, over the past two days, this address has exhibited positive actions, purchasing $39,220,000 worth of SUN tokens, averaging approximately $0.03206 per token. This move not only reflects the market's potential demand for SUN tokens but also positively impacts the coin's price, successfully propelling it back up. Currently, this address still holds 39,220,000 SUN tokens, equivalent to roughly $1,160,000, indicating confidence in the long-term potential of the SUN token.
Sun Yuchen
SUN Token
market operations
Tron Foundation
Price Fluctuations of the Coin