Billionaire Investor Justin Sun Makes a Massive Investment in an Altcoin

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Data shows that Sun has recently withdrawn a portion of its approximately $200 million investment in the Lighter LLP platform.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.

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