Justin Sun buys $33 million worth of LIT tokens…circulation 5.3%

Source
JOON HYOUNG LEE

Summary

  • Justin Sun, founder of Tron(TRX), has been reported to have purchased LIT(LIT) tokens worth $33 million.
  • Justin Sun's purchase volume corresponds to 5.32% of the LIT token's circulation.
  • LIT recently conducted an $675 million airdrop, attracting investors' attention.
Justin Sun Tron(TRX) founder. Photo=Forbes
Justin Sun Tron(TRX) founder. Photo=Forbes

Justin Sun, founder of Tron(TRX), has reportedly purchased LIT tokens worth $33 million (about 48 billion won).

On the 1st (local time), BlockBeats reported that Justin Sun recently bought 13.25 million LIT tokens. The amount Justin Sun invested in the purchase is about $33 million.

The LIT tokens Justin Sun bought this time account for 5.32% of the total circulation. Compared to the total token supply, it amounts to 1.33%.

Meanwhile, LIT conducted a token airdrop worth $675 million (about 1 trillion won) for early participants on the 30th of last month. This airdrop is the 10th largest airdrop in cryptocurrency history.

JOON HYOUNG LEE

JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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