Sun Yuchen Spends 1.7 Billion to Buy the Dip on Ethereum

From February 2024 to now, Sun Yuchen has been frantically purchasing through multiple addresses, accumulating 377,590 ETH at a total cost of 1.15 billion dollars, with an average cost of 3,051 dollars. At the end of October, he made another move, buying 186,110 ETH on Binance and 1inch, spending 590 million dollars, with an average price of 3,100 dollars.

This wave of operations reminds people of May 2021—when Ethereum crashed, he bought in at 2,509 dollars, and later cashed out a portion at the peak of the bull market (3,775 dollars), making a staggering profit of 2.5 billion dollars! Now, he is once again aggressively building positions in the 3,000-3,100 dollar range. Is a new round of market surge about to explode?

Historical Bottom Holding Cost Only 2,509 Dollars

Comparing with historical data, Sun Yuchen's cost basis for ETH is only 2,509 dollars, while his recent average entry price has stabilized above 3,000 dollars. This means—he is either positioning for the next bull market or waiting for an even crazier surge!

Following the Trend? Be Careful Not to Become Prey for the Whales!

The moves of big players often indicate market trends, but blindly following them may lead to being harvested.

After all, whales eat meat, while retail investors only get soup—even possibly not even getting the soup.