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Justin Sun, founder of TRON and chief advisor of Huobi, has denied rumors of investing in Bitcoin (BTC) at $69,000. CryptoQuant CEO Ki Young Ju had suggested that Sun took a large long position in Bitcoin using stUSDT as collateral, but Sun debunked this on social media. However, Sun has remained silent on reports of significant Ethereum (ETH) purchases, with Spot On Chain data suggesting he may have accumulated 362,751 ETH ($1.11 billion) through various wallets. This highlights Sun's diversified investment approach in the crypto space, leveraging various digital assets beyond Bitcoin.
In short, Justin Sun denies Bitcoin investment rumors but remains silent on Ethereum purchases, which data suggests may be substantial.
