Gold trading workshop in Dubai

Register

Justin Sun Sells 80% to 90% of Ethereum Position to Buy US Tech Equities

TRON founder Justin Sun revealed he sold 80% to 90% of his Ethereum holdings and reallocated the capital into U.S. equities, including NVIDIA and the Nasdaq 100. Sun executed the sales when Ether traded between $3,600 and $4,000, citing concerns over a fragile technical double-top pattern. He retains approximately 20% of his original ETH position as a base asset with no intention of buying back. Meanwhile, Sun kept his Bitcoin holdings completely untouched in cold storage as a core asset, contrasting with his aggressive altcoin divestment.

Category

Ethereum

Sentiment

Bearish

Event

Analyst flows

Reading time

1 min