According to on-chain data, cryptocurrency entrepreneur Justin Sun made a notable purchase of the $LIT token.
Sun purchased 13.25 million $LIT for approximately $33 million. This amount represents 5.32% of the circulating supply and approximately 1.33% of the total supply.
Data shows that Sun has recently withdrawn a portion of its approximately $200 million investment in the Lighter LLP platform. Sun withdrew around $38 million from the platform, using $33 million of that to purchase LITs. Approximately $5.5 million remains in its spot account.
On the other hand, on-chain portfolio data reveals that Sun has a broad asset allocation. Its largest positions include $TRX, stETH, BTC, AETHUSDT, WLFI, BTT, JST, SUN, AETHWETH, and NFT tokens. Managed across more than 200 addresses, these assets are valued at over $1.6 billion.
Sun’s largest asset was recorded as $TRX coins worth $523 million.
*This is not investment advice.