In an interview on October 16, Justin Sun disclosed that he had sold 80-90% of his Ethereum (ETH) holdings at prices between $3,600 and $4,000. He retained only a core position and has not reinvested in ETH since the sale.
Sun said the decision was driven by concerns about Ethereum’s price performance, specifically pointing to a fragile double top pattern that prompted his sell-off. His move reflects a broader strategic repositioning, with his focus now shifting heavily toward US stocks.
The disclosure comes as the crypto market shows mixed signals and relatively low trading volume. Sun’s exit from most of his ETH position may encourage other investors to reassess their exposure, potentially adding to volatility around Ethereum.
Ethereum remains a leading smart contract platform for decentralized applications and financial transactions, but Sun’s pivot highlights a growing trend among high-profile investors prioritizing stability and long-term growth over speculative crypto trading.
