Tron founder Justin Sun has added 20,633 Ethereum (ETH) worth nearly $33 million to his wallet in the last 4 days. He is supporting Ethereum PoW hard fork plan of EthereumPoW (ETHPoW) and listing ETHW and ETHS on his crypto exchange Poloniex. In fact, he had promised to donate forked ETH tokens to support the community and the PoW ecosystem.
According to Etherscan data, the address marked by Nansen as “Justin Sun” has added 20,633 Ethereum (ETH) in two transactions in this week. Justin Sun added 5,633.05 ETH worth nearly $9 million from Poloniex on Monday and added 14,999.87 ETH worth nearly $24 million from Poloniex today, September 2.
The wallet address now has 268,280.58 ETH worth $425 million. The net worth of the wallet in ETH is 277,685.98, which is over $440 million.
Tron founder Justin Sun is a primary supporter of Chinese prominent miner Chandler Guo’s Ethereum proof-of-work (PoW) plan. After Ethereum switches to proof-of-stake (PoS), miners will become obsolete. Therefore, the EthereumPoW community has been established to perform a PoW fork of Ethereum. So that miners can continue mining ETH on the Ethereum PoW blockchain.
However, Ethereum co-founder Vitalik Buterin and other crypto influencers believe miners should switch to Ethereum Classic. Ethereum Classic community and ETC Cooperative organization think Ethereum hard fork will not work and urges ETHPoW to drop the PoW hard fork plan.
Meanwhile, Chandler Guo and EthereumPoW are confident about successfully completing all preparations for the Ethereum hard fork before the Merge.
Justin Sun and his crypto exchange Poloniex support the Ethereum hard fork and announced plans to list ETHW and ETHS tokens before the Merge. Other crypto exchanges are open to listing the ETHW token if the hard for is successful.