"Brother Sun has been buying Ethereum, why doesn't $ETH go up?"

If you have the same question, here is an analysis post. The five addresses suspected to be Justin Sun have accumulated 405,437 ETHs from December 2023 to June 2024, with a total value of 1.42 billion US dollars and an average cost of about $3010. Is there any correlation between Brother Sun's purchase and the price of ETH? Keep reading

We divide the past seven months into four major positions (yesterday's purchase is not included), and calculate the ETH price and rise and fall at the starting and end points of Sun's position building. We can find that

 1. The ETH price rose three times out of 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 purchase scale and the rise and fall of ETH

 3. Due to the excellent liquidity of ETH, Sun's large purchase did not directly affect the daily line (who is selling value coins!)

 4. Sun seems to be a firm bull of ETH, and prefers the strategy of "holding coins for rise". ETH in the three profit periods has been steadily or even fluctuating ----- 

Simple summary

Is it reliable to follow Sun to buy ether? In the long run, it is reliable: based on the current price of ETH at $3507, Sun's 405,000 ethers have already made a floating profit of nearly 200 million US dollars, but as a short-term reference, it is not very stable. Different people have different opinions.

How to determine whether this is Sun's address? It is impossible to determine. Some addresses are associated addresses, and some addresses can only be roughly compared through on-chain transactions and operating habits. Welcome friends to discuss in the comment area!

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