According to TechFlow, on-chain analyst @ai_9684xtpa, five addresses suspected to belong to Justin Sun accumulated 405,437 ETH from December 2023 to June 2024, with a total value of $1.42 billion and an average cost of about $3,010. Among them:

  1. The ETH price rose in three of the four positions, with an overall winning rate of 75%, of which the average increase at the end of 2023 and 2024.02 reached 15%;

  2. There is no direct correlation between the size of the purchase and the rise and fall of ETH;

  3. Due to the excellent liquidity of ETH, Sun Yuchen’s large purchase did not directly affect the daily line;

  4. Justin Sun seems to be a firm bull of ETH, preferring the strategy of "holding coins for appreciation". During the three profit-making periods, ETH has been rising steadily and even fluctuating.