Data: After withdrawing 200 million USDC from an exchange, Justin Sun minted 160 million USDS and transferred them to Spark

Chaincatcher2025/08/13 12:52

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

According to on-chain analyst Ai Yi, Justin Sun began withdrawing 200 million USDC from a certain exchange yesterday. He then minted 160 million of those into USDS and deposited them into Spark. One of his addresses now accounts for 6.4% of Spark’s deposit TVL, and in less than two days, he has already earned SPK rewards worth $24,000.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Data: After withdrawing 200 million USDC from an exchange, Justin Sun minted 160 million USDS and transferred them to Spark

You may also like

Crypto prices