Justin Sun holds $1.6b on HTX, exceeds half of exchange’s reserves

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Tron founder Justin Solar showcased his private HTX account right this moment, revealing holdings amounting to roughly $1.6 billion, equal to twenty-eight,613 BTC. 

There have been a number of latest allegations on social media that the HTX advisor didn’t actively use the platform himself. Nonetheless, Solar clarified these speculations on X, additionally saying that he actively makes use of all main exchanges.

Solar’s screenshot has additionally pushed conversations about HTX’s reserves.  As of Feb. 1, HTX’s publicly disclosed reserve certificates confirmed that the trade holds almost $3.5 billion in reserve property, which incorporates 540 million USDT, 21,543 BTC, 109,000 ETH, and 9.4 billion TRX. This could imply Solar’s property cowl over half of HTX’s reserves.  

HTX exchange reserve
HTX Reserves | Supply: HTX

Solar’s internet price is also among the many prime ten wealthiest leaders within the crypto trade. This improvement sheds mild on the broader dialog about transparency and belief within the cryptocurrency sector, the place high-profile people like Solar play a pivotal function in shaping perceptions and confidence amongst buyers and customers. 

Final week, crypto.information reported that Solar doubtlessly bought $160m in Ethereum, which may sign a bullish pattern for the second-largest crypto. ETH has rallied since yesterday, reaching $3,200 for the primary time in two years, which means Solar’s newest acquisition can also be 11% larger based mostly on the most recent worth. 

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