In the past week, on-chain data showed that HTX transferred 160,600 ETH (approximately $518 million) to Binance, igniting market discussions. Observers recognized this wallet address — it’s familiar enough — suspected to be Sun, making another precise move?
Sun Yuchen, this perpetual motion machine of the crypto world, has once again sent Ethereum to Binance at the hottest moment in the market. This is not the first time. His operations with ETH, if reflected on a candlestick chart, could be called 'the prophet of tops and bottoms', missing nothing and leaking no information.
Let’s summarize the key battles of this 'Ether Cycle King':
2021: Sun publicly disclosed a large ETH holding for the first time.
At the end of DeFi Summer, Sun Yuchen revealed his ETH cards for the first time through on-chain operations — staking 600,000 ETH, starting his years-long 'game' with Ethereum. There are community rumors that Sun might hold a total of 1 million ETH, directly placing him on the whale list.
At that time, ETH's price had not yet escaped the $2000 range, while Sun participated in the ecosystem and laid out staking yields, making moves in tandem with the bull market.
2022: Precisely timed exit at the end of the bull market.
ETH surged forward to challenge $4000, while Sun quietly reduced his holdings, with multiple transfers inflowing to exchanges. In the end, ETH fell back to over $1000 by year-end, with many people losing everything, but he exited completely unscathed, continuing to expand his territory with the funds he profited.
2023: Bear market buying + continued staking
While others shouted 'the crypto world is over' on the edge of a cold, harsh bear market, Sun quietly returned. On-chain data showed he made large purchases of ETH and continuously staked them into the Ethereum beacon chain. At that time, the ETH price hovered between $1100-$1800, and no one dared to act; he again went against the grain and was 'greedy'.
You say he believes in Ethereum? It's better to say he believes in opportunities.
2024: Releasing goods again as the bull market begins.
Since the beginning of this year, ETH has once again approached the $4000 mark, and Sun has made a return, with multiple large on-chain transfers flowing to exchanges. Smart people know that when he sells, the market should be cautious.
Now this batch of 160,000 ETH seems to be another 'quiet retreat'.
2025: Still firmly bullish on ETH at $2000.
Interestingly, when ETH had a significant pullback to around $2000 at the beginning of this year, Sun loudly stated on social platforms: 'I’m bullish on ETH.' At that time, market confidence was nearly collapsing, but he still firmly stood by his words and actions.
From calling for a bullish trend to actually buying, and then quietly selling, this set of operations is so smooth it’s admirable.
Final words:
When Sun Yuchen starts transferring ETH, the market needs to pay attention.
He is not a god, but he indeed runs a step ahead of most people and dares to be more aggressive. His rhythm is the signal light you should refer to. Don't ask where ETH's limit is, first look at where Sun's on-chain operations have reached.
