- Justin Sun has shared his BTC holdings.
- Sun made the revelation to prove that he was “a heavy user of HTX.”
- However, the revelation raised more questions than answers.
TRON blockchain founder Justin Sun recently shared a screenshot of his personal HTX wallet showing a BTC balance worth about $1.6 billion.
Sun shared the wallet balance to confirm that he was “a heavy user of HTX,” a crypto exchange where he serves as an advisor, following wide-ranging allegations on social media that he did not actively use the platform himself.
Justin Sun’s BTC Holdings Raises Questions
In the first part of his recent post on Twitter (X), Justin Sun publicly shared the scale of his Bitcoin holdings, totaling 28,613 BTC.
Sun then dismissed the allegations that he seldom used HTX services in the second part of the post.
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“Personally, I use almost all main exchanges and am a supporter of those exchanges. However, if someone says I seldom use http://HTX.com, that would be inaccurate. I am a heavy user of HTX. My personal use of HTX is the same as all HTX users, believing and trading,” Sun wrote.
While the surprise revelation created shockwaves in the crypto community, keen observers quickly called out Sun’s claims, voicing suspicions about their accuracy.
Quoting sources by DefiLlama Cinneamhain Venture partner Adam Cochran pointed out that Justin Sun’s claim could be inaccurate as the BTC balance shown in his wallet exceeded the “entire amount of BTC that HTX reports in wallets.”
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“So either fake or HTX has no real users other than Sun, or he comingles their assets as his.” Cochran wrote.
Per Cochran’s post, HTX’s total Bitcoin reserve is worth around $1.342 billion, far behind Justin Sun’s reported holding of $1.6 billion BTC.
Read about TRON’s Bitcoin Layer 2 solution plan:
Justin Sun Unpacks TRON’s Bitcoin Layer 2 Solution Plan
Stay updated on Justin Sun’s move into SHIB:
Justin Sun Accumulates SHIB in Billions, Sparking Rally Hopes
