Justin Sun, this name has already attracted countless attention inside and outside the cryptocurrency circle. Whenever there is hot news, he always quickly takes the lead to show his strong "presence". Recently, hot topics in the cryptocurrency circle have emerged one after another, and Justin Sun has once again become the focus.

Huge increase in positions sparked heated discussion

According to reliable sources, Justin Sun has added another 14,436 Ethereum today, worth about $45.59 million. Since April 17, his address has increased its holdings by 80,314 Ethereum. This coincides with the news on July 10, when he withdrew 50 million USDT from Aave, of which 45 million was used to buy Ethereum. Today, almost all of this money is used to buy Ethereum.

Since December 26, 2023, Sun Yuchen has purchased 421,800 Ethereum through 5 wallet addresses, with a total value of approximately US$1.267 billion and an average price of US$3,000. As of now, his total Ethereum holdings have reached 698,700, about US$2.215 billion. This figure is simply astronomical for ordinary people. What is amazing is that Sun Yuchen did not regard these Ethereums as luxury goods, but continued to increase his holdings.

Thinking about Bitcoin and Scarcity

We often say that the biggest selling point of Bitcoin is its scarcity. However, doesn’t scarcity mean that it is difficult to obtain? The big guys in the exchange sell tens of thousands of Bitcoins at will, which seems to contradict the definition of scarcity. As long as there is enough USDT, Bitcoin can be obtained at any time.

Comparing Bitcoin to antiques is a bit far-fetched. The value of antiques lies in their uniqueness and rarity, while there are 21 million Bitcoins, and 20 million of them are lost. These Bitcoins look exactly the same. In real life, any object will become less rare if there are 20 million of them. Perhaps the number of other altcoins reaches billions just to highlight the rarity of Bitcoin.

Justin Sun’s Strategy and Benefits

Justin Sun frantically poured billions of dollars into Bitcoin and Ethereum. Perhaps he saw the unique charm of digital currency. Although we can question his character, his ability to make money is undeniable. The Ethereum in his hands is not idle, but used for staking or earning income on the staking platform. Some people calculated that Justin Sun's daily interest income is as high as $180,000, which is equivalent to 56.7 Ethereum per day.

Investment Logic and Reflection

Sun Yuchen's move is thought-provoking: "You don't even eat the food you cook, and you expect others to eat it." He holds a large amount of Ethereum and earns income through staking, which shows his confidence in Ethereum. We can't help but ask, does Vitalik have more Ethereum than Sun Yuchen?

Sun Yuchen's behavior of increasing his holdings has undoubtedly injected a shot of adrenaline into the market.
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