🚨Sun Yuchen's $1.7 Billion Bet on Ethereum: What’s His Game Plan?

Sun Yuchen has once again become the focus of the crypto world, this time spending $1.7 billion to buy Ethereum in bulk. Is this massive investment a sign of optimism for the future, or is there something else at play? Let’s break down the details.

Since February of this year, Sun Yuchen has been consistently buying Ethereum like a supermarket shopping spree, accumulating approximately 560,000 ETH. Those familiar with him should remember that he employed a similar strategy in 2021, buying low and selling high, netting $2.5 billion in a single transaction.

There are several key points regarding this investment worth noting:

• Average Purchase Price: His average purchase price is between $3,050 and $3,100, which is not considered cheap, indicating he believes this is the bottom range for Ethereum.

• Combo Strategy: This could be part of a combo strategy: pushing up prices through large spot purchases while possibly having other positions in the futures market.

• Price Expectation: Most notably, compared to the 2021 bottom price of $2,509, he is willing to buy at a higher price this time, suggesting he is optimistic that Ethereum can break through $5,000.

How should ordinary investors respond?

If you want to follow his moves, remember that $3,050 is his cost line; if the price falls below this level, he may be the first to sell off. BTC

• Avoid High Leverage: Be cautious about using high leverage, as slight movements by large players can lead to the liquidation of retail investors.

• Pay Attention to Key Signals: Focus on two key signals: the timing of his sell-off and whether the ETH to Bitcoin exchange rate can break through critical levels.

Ultimately, it’s best to observe the actions of big players. They can make money not because they predict better, but because they have enough capital to withstand volatility. For ordinary investors looking for a piece of the pie, the most important thing is to stay calm and not follow trends impulsively.

Quality Spot Allocation Recommendations

Currently, quality spots remain the most stable approach. For example, Conan Dogecoin 🔥

• Strong Narrative: The narrative is very strong, and the expectations can be compared to Doge.

• Community Building: Continuous community development provides growth momentum!

If you currently don’t have quality targets, consider allocating to Conan.