As $ETH prices soared and successfully broke through the important psychological barrier of $4000, the entire market became excited again. In this feast, Tron founder Sun Yuchen undoubtedly became the focus of everyone's attention.
According to reliable sources, he recently transferred 29,920 Ethereum worth up to $119.7 million to the HTX trading platform, which instantly attracted widespread attention and discussion in the industry.
This massive transaction not only highlights Sun Yuchen's deep layout in the Ethereum field but also makes the market full of speculation about his next move.
Is it profit-taking, or is he preparing to further expand his achievements? This question has become a mystery in everyone's mind.
Looking back at Sun Yuchen's ETH strategies since November, it is not difficult to see his firm belief and precise vision in this field.
During the continuous rise of ETH prices, he made several large purchases and decisively acted at critical moments, especially on December 8, when the ETH price successfully stood at the high of $4000. He once again deposited a large amount of Ethereum into HTX, which undoubtedly demonstrated his precise grasp of market trends.
Sun Yuchen's Ethereum strategy has also achieved significant results. According to incomplete statistics, from February to August, he purchased 392,474 Ethereum at a price of approximately $1.19 billion, with an average cost of only $3027.
With the continuous rise in Ethereum prices, he has realized a substantial profit of approximately $366 million. In addition, he has gained extra income through staking rewards and airdrops, further enriching his asset portfolio.
At the same time, the surge in Ethereum prices is also inseparable from the strong momentum of the ETF market. This week, the price of Ethereum reached a high of $4017, with a monthly increase of 26% and a weekly increase of 7%.
Although the price has receded in the past 24 hours, the market's bullish sentiment remains high. Strong ETF inflows provide important support for the market and are one of the key factors driving the rise in Ethereum prices.
Ali even predicts that Ethereum is likely to approach record levels, with the next important resistance level around $4540. However, he also emphasized that maintaining the support level of $3560 is crucial for sustaining the bullish momentum. If the market can successfully hold this support level, then Ethereum is expected to achieve even greater price breakthroughs.
Additionally, according to SoSo Value, Ethereum ETF net inflows last week reached $837 million, setting a historical record. Among them, ETHA performed particularly well, contributing $573 million in inflows weekly. This data undoubtedly indicates that institutional interest in Ethereum spot ETFs is growing, and investors are confident about the future performance of this asset.
The breaking of the $4000 barrier for Ethereum is not only a leap in price but also a significant boost in market confidence, and Sun Yuchen's billion-level ETH transfer has become a bright highlight in this process.
