• Justin Sun recently transferred 10,000 worth of Ethereum (ETH) to his Poloniex account.
• Despite the exchange inflow, ETH was able to resist sell pressure.
• Glassnode data revealed that the Ethereum investor capitalization was 131.22 billion, steadying around the same region since November.

Justin Sun, the founder of Tron, recently transferred 10,000 worth of Ethereum (ETH) worth $15.5 million to his Poloniex account. Despite the exchange inflow, ETH was able to resist sell pressure and maintain its price. According to Lookonchain, Justin Sun still holds 223,780 ETH worth $347 million in address „0x176f“.

Glassnode data showed that the Ethereum investor capitalization was 131.22 billion, steadying around the same region since November. This metric measures the difference between the realized cap and thermocap and serves as an indicator to evaluate bottoms in bear markets. The exchange inflow was 7300, and the exchange outflow was 5211 which implied that not many investors had recently increased their exposure in the asset.

This large transfer of ETH was a testament to the strength of the altcoin, as it was able to remain relatively stable despite the influx of funds. It also serves as a reminder of the potential of Ethereum and the potential for it to become a key player in the digital asset market. Furthermore, the data from Glassnode suggests that the asset is being held for the long-term, which could add to its stability.

Overall, Justin Sun’s large transfer of ETH to Poloniex was a sign of confidence in the digital asset. Despite the influx of funds, ETH was able to remain relatively stable, proving its strength as an altcoin. Furthermore, the data from Glassnode suggests that the asset is being held for the long-term, which could add to its stability. As such, it appears that the transfer of ETH to Poloniex has been beneficial for the asset and its investors.