Ethereum Altcoin Project Surges Amidst Binance Moves

According to the latest reports, it seems that the Ethereum altcoin project TRU went crazy in terms of pricing. Check out the latest reports below.

It’s been just revealed that the native token of a decentralized finance (DeFi) protocol surged by more than 50% on Monday as one crypto whale pounced on the asset.

TrueFi (TRU), a DeFi protocol that supports uncollateralized lending, shot up from trading around $0.0692 on Monday to a high of $0.1039 later in the day.

“The Ethereum (ETH)-based DeFi altcoin has since retraced to around $0.0841 at time of writing, though it remains up 19% in the past 24 hours,” according to the latest reports from the Daily Hodl.

The same report reveals the fact that the blockchain-tracking firm Lookonchain notes that a whale bought 7.32M TRU worth about $500,000 from top crypto exchange Binance.

“The whale has purchased a total of roughly 22.1 million TRU worth about $1.785 million from Binance in the past six days, according to Etherscan,” the same online publication notes.

Accoridng to the latest reports, it seems that the crypto billionaire Justin Sun has sent hundreds of thousands of Ethereum (ETH) to liquid staking service Lido Finance (LDO).

The blockchain-tracking Twitter account Lookonchain reported the fact that the Tron (TRX) founder staked 150,100 ETH worth $240 million on Lido Finance in a series of transactions a few days ago.

“DeBank, a multichain portfolio tracker, reveals that Sun has staked a total of 200,164.03 ETH worth over $327 million on Lido Finance,” according to the notes coming from the online publication the Daily Hodl.

It’s important to note the fact that Sun also holds more than $50 million worth of the stablecoins Tether (USDT) and USD Coin (USDC) on the decentralized lending protocol Aave (AAVE), according to DeBank.

Stay tuned for more news and make sure to check out the latest reports from the crypto space.