Sun Yuchen spends 1.7 billion to buy Ethereum at the bottom, is the bull market coming?

Folks, there is big action in the cryptocurrency world again! Sun Yuchen's operation directly shook the market, spending 1.7 billion to buy Ethereum at the bottom. Is he about to ignite a new wave of wealth?

Starting from February 2024, Sun Yuchen seems to have activated a cheat code, crazily sweeping up Ethereum through various addresses. In total, he purchased 377,590 ETH, spending 1.15 billion, with an average cost of 3,051 dollars. By the end of October, he went all out, crazily buying 186,110 ETH on Binance and 1inch platforms, directly spending 590 million, with an average price of 3,100 dollars. This move is simply extravagant!

This reminds people of May 2021, when Ethereum plummeted, and Sun Yuchen decisively stepped in to buy at 2,509 dollars. Later, when the bull market erupted, Ethereum soared to 3,775 dollars, and he cashed out at a high, directly making 2.5 billion. This time, he is again aggressively accumulating in the 3,000 - 3,100 dollar range; will history repeat itself?

Looking back at history, the lowest cost of Ethereum held by Sun Yuchen was only 2,509 dollars, while the recent average purchase price is above 3,000 dollars. By doing this, he is either positioning for the next bull market, waiting for wealth to double, or predicting that Ethereum will experience even crazier surges. Regardless of the situation, it indicates that the cryptocurrency world is about to change!

However, ordinary retail investors should not blindly follow the trend. Although the movements of big players can reveal market trends, blindly following them could very likely lead to losses. After all, in the cryptocurrency world, whales eat meat, while retail investors might not even get the soup. If you want to make money in the cryptocurrency world, you need to study more, invest rationally, and definitely do not go all in just because of impulse!

Recommended potential coin: SOL chain Golden Dog Conan (BQt) — a current military dog in the USA, awarded the 'Hero Dog' medal by President Trump, with a market value of less than 10 million, huge growth potential!