Sun Yuchen, frantically investing 1.7 billion to buy the dip in Ethereum, mysterious average price revealed, retail investors exclaim it’s too insane!
It’s him again, the cryptocurrency whale is at it once more. From February 2024 to now, Sun has madly purchased a total of 377,590 Ethereum through multiple addresses.
This move reminds people of May 2021 when Ethereum crashed; he bought the dip at $2,509 and later cashed out at the peak of the bull market, making a whopping $2.5 billion.
Now, he is once again aggressively building his position. Is a new wave of market activity about to explode? Comparing historical data, Sun’s average cost for holding Ethereum was as low as $2,509, while his recent average buying price has stabilized above $3,000.
This means he is either positioning for the next bull market or waiting for an even crazier surge. The movements of big players often indicate market trends, but blindly following them can lead to being harvested; after all, whales eat meat while retail investors sip soup. Sometimes, they may not even get a sip of soup!
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