Sun Ge suffered a huge loss and even started talking nonsense, even wanting to connect with the German government.

Ethereum price plummeted 10% again, Sun Yuchen faced a loss of $66 million

This plunge caused Sun Yuchen to lose $66 million. It seriously affected Sun Yuchen's investment portfolio, and his large amount of Ethereum suffered a heavy blow. Sun Yuchen had previously accumulated 361,137 ETH through three major wallets between February and June 2024.

Sun Yuchen's investment style is high-risk and high-return.

In February, Sun Yuchen bought 169,604 Ethereum at an average price of $2,870.

By April, he bought another 176,117 Ethereum at $3,177, and in June he bought 15,416 Ethereum at $3,474.

Despite making a $58 million profit the day before the price drop, all is now locked in.

Today, Justin Sun’s broader strategy to stabilize the cryptocurrency market through over-the-counter purchases of Bitcoin from the German government came under scrutiny.

The German government’s recent massive Bitcoin sell-off has negatively impacted investor sentiment. Sun’s willingness to work with the government aims to mitigate market disruptions by privately acquiring these assets, potentially mitigating the large price swings that such a massive sell-off could cause.

#美国6月非农数据高于预期 #德国政府转移比特币 #BTC #ETH #sol

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