Image Credit: Crypto News
Jan 19, 2024
By: Bhumi Shrivastava
Image Credit: TheStreet
Sun's investment includes Chainlink (LINK), Shiba Inu (SHIB), Floki Inu (FLOKI), Decentraland (MANA), and Band Protocol (BAND).
Image Credit: CoinDesk
Funds were withdrawn from Binance to Sun's personal wallet, sparking interest in the crypto community.
Image Credit: CNN.com
Sun had previously acquired 500 billion SHIB worth $5.22 million in December 2023.
Image Credit: Decrypt
Speculations arise about the timing of the investment during a market downturn, suggesting a strategic move in anticipation of a potential rally.
Image Credit: CoinDesk
Altcoins are in a consolidation phase, with varying 24-hour price movements. SHIB sees a slight decrease, while LINK records an increase.
Image Credit: Plisio
Sun's multi-altcoin investment aligns with the strategy of portfolio diversification, spreading risk across different assets for potential better overall performance.
Image Credit: CNBC