Sun Yuchen spends 1.7 billion to buy the dip on Ethereum, has the prelude to the bull market begun?

The cryptocurrency world is once again in turmoil! Sun Yuchen's operation of spending a colossal 1.7 billion to buy the dip on Ethereum has instantly ignited heated discussions in the market. This act, which can be described as 'madness', inevitably stirs the hearts of investors: is a new wave of cryptocurrency wealth truly on the way?

Since February 2024, Sun Yuchen has initiated a frenzied accumulation mode. By continuously buying through multiple addresses, he has accumulated 377,590 ETH, with a total expenditure of 1.15 billion, averaging a cost of 3,051 dollars. By the end of October, he was fully engaged, spending 590 million on Binance and 1inch platforms to purchase 186,110 ETH at an average price of 3,100 dollars, which can be described as 'extravagantly impressive'.

It is worth mentioning that Sun Yuchen has a glorious track record of successfully 'buying the dip'. In May 2021, when Ethereum plummeted, he decisively entered the market at a price of 2,509 dollars, and later cashed out at a high of 3,775 dollars during the bull market, earning a massive profit of 2.5 billion. This time, making large-scale purchases in the 3,000 - 3,100 dollar range, is it to prepare for the next bull market, or is he confident that Ethereum will see even more astonishing growth? This undoubtedly becomes the focus of market attention.

As the bull market approaches, do you own coins? Have you boarded the train? Choice is greater than effort, and Trump's hero dog Conan deserves attention!