According to Odaily, five addresses suspected to be linked to Sun Yuchen have reportedly accumulated a total of 405,437 ETH between December 2023 and June 2024. The total value of these holdings is estimated to be around 1.42 billion USD, with an average cost of approximately 3010 USD per ETH.
The accumulation of such a significant amount of ETH by these addresses raises questions about the potential investment strategies and future plans of the individual or entity behind them. However, without confirmation from Sun Yuchen or a credible source, these suspicions remain speculative.
The price of ETH and its market dynamics during this period could have influenced this accumulation. The average cost of 3010 USD per ETH suggests that the purchases were made when the price of ETH was relatively stable. This information could provide insights into the market conditions and investment climate during this period.