Markets· ★★★· bearish·

Justin Sun sold 80–90% of his ether and rotated into US stocks

  • —Sun sold 80–90% of his ETH near $3,600–4,000; ether now trades around $2,430
  • —Proceeds went partly into Nvidia and Nasdaq 100 exposure
  • —His BTC base position was not reduced and was moved to new cold addresses
  • —Sun did not disclose the size of the sale or addresses to verify it
Why it matters: A prominent ETH holder taking profits and rotating into TradFi reinforces the narrative of ether underperforming bitcoin.
Source: Happycoin.club