Justin Sun: 600,000 ETH were nearly liquidated, and he spent nearly $300 million on Ethereum and Bitcoin last night

According to BlockBeats, on May 20, Tron founder Justin Sun tweeted that he bought 54,153 Ethereums at an average price of $2,509, with a total cost of $135 million; and bought 4,145 Bitcoins at an average price of $36,868, with a total cost of $152 million.

According to Justin Sun himself, on the evening of May 19, due to the sharp drop in the price of Ethereum, 600,000 ETH in his mining pool were waiting to be liquidated. Thanks to the reminders from Shenyu and the internal team, he was able to prevent the largest liquidation event in history.

According to blockchain developer Philippe Castonguay, the Liquity protocol had actually been restored at the time to liquidate Sun's positions, but that did not happen. Sun subsequently repaid the $300 million debt.