Sun Ge made another move, spending 1.7 billion to buy ETH at an average price of $3,051! What does he want to do this time?
Since February 2024, Sun Yuchen has continued to buy ETH through multiple addresses. He has accumulated 377,590 ETH, with a total amount of $1.15 billion, and the average price is locked at $3,051!
At the end of October, he made a precise sniper, buying 186,110 ETH on the exchange, adding another $590 million, raising the average price to $3,100!
This is not the first time he has played like this!
As early as May 2021, when the market plummeted, he used an average price of $2,509 to buy the bottom, and then successfully cashed out some of his chips at the peak of the bull market, making a profit of more than $2.5 billion in this wave!
Now the question is:
Has he smelled the bull market again?
Or does he plan to let the "leeks" carry the sedan chair for him first?
Good news? It is indeed good news!
Whales continue to buy and have obvious intentions to lock positions, which is a strong endorsement of ETH's long-term value. Coupled with ETF expectations and active growth on the chain, Ethereum is on the threshold of a new round of outbreak.
But don't forget the reality:
The main force's "position building" has never been to make retail investors rich.
They eat volatility profits and create rhythm traps. As soon as you get on the bus impulsively, he may be ready to run away.
Smart approach?
Don't blindly copy homework, keep an eye on the data on the chain, and understand the "script" behind the whale's behavior.
Before the market starts, there are traces to follow; and those who are harvested are always those with asymmetric information.
