50,600 ETH sent from HTX to Binance today alone
Transfers followed redemptions from Aave via HTX Recovery wallet
Total ETH moved this week exceeds $518 million
In a major crypto movement tracked by EmberCN, around 50,600 ETH—worth approximately $181 million—was transferred from HTX (formerly Huobi) to Binance today. These Ethereum tokens were first redeemed from Aave by the HTX Recovery wallet, then routed through HTX’s hot wallet before finally landing in Binance.
This isn’t a one-off transfer either. Over the past seven days, Justin Sun’s HTX exchange has moved a whopping 160,600 ETH, equivalent to $518 million, to Binance in a similar pattern. The size and frequency of these movements have stirred discussions within the crypto community.
What’s Behind These Moves?
While there’s no official statement yet from Justin Sun or HTX, such large-scale and repetitive fund movements usually suggest internal treasury rebalancing, liquidity management, or preparation for major operations like token swaps or institutional trades.
It’s also worth noting that the ETH involved is coming from Aave redemptions, implying HTX is actively unwinding or reallocating its DeFi positions. Whether this is a strategy shift or a risk management move remains uncertain.
According to @EmberCN, 50,600 ETH (about $181 million) flowed from Justin Sun's HTX to Binance today. These ETH were redeemed from Aave by the HTX Recovery wallet, then transferred to the HTX hot wallet, and then flowed into Binance. In the past week, a total of 160,600 ETH…
— Wu Blockchain (@WuBlockchain) July 19, 2025
Community and Market Reaction
These movements haven’t gone unnoticed. With wallets clearly linked to HTX and movements transparent on-chain, users are speculating whether Sun is preparing for a strategic announcement, or if the transfers hint at deeper liquidity or solvency dynamics.
For now, the crypto market hasn’t reacted significantly, but such massive movements often precede announcements or reveal market-moving decisions behind the scenes.
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