Justin Sun sold 80-90% of his ETH holdings at $3,600–$4,000 and shifted proceeds to U.S. stocks.
Macro & Markets ·
Justin Sun disclosed that he sold 80–90% of his Ethereum holdings at prices ranging from $3,600 to $4,000, according to reports on the matter. The proceeds from the sale were directed toward increased investments in U.S. stocks, marking a significant shift in his asset allocation strategy. Sun cited technical analysis, specifically a fragile double-top pattern in Ethereum's price action, as reasoning behind the move.
The sale represents a substantial reduction in Sun's exposure to Ethereum at a time when the asset traded within that price band. The redeployment of capital into equities signals a tactical repositioning, though the exact timing of these transactions and their completion status remain unclear from available information. It is not yet known whether this represents a complete liquidation of his remaining Ethereum position or if additional holdings persist.