TRON (TRX) founder and Huobi chief advisor, Justin Sun, has publicly responded to the latest allegations regarding#Bitcoininvestments. Using his social media channels, he debunked reports that he bought Bitcoin at $69,000. This statement corresponds to a tweet from CryptoQuant CEO Ki Young Ju, which suggested that Sun initiated a large Bitcoin position using stUSDT as collateral.

In Ki Young Ju's tweet, it is said that Sun has long Bitcoin positions of around $67,000 and these positions are backed by at least $420 million in collateral. Young Ju highlighted the role of high-yield stablecoin stUSDT in this transaction, raising questions about the legitimacy and origin of these assets. This tweet prompted Sun to publicly respond to these speculations.

Although Sun has denied the Bitcoin investment allegations, he has remained silent on separate reports of significant Ethereum purchases. According to Spot On Chain, Sun may have accumulated 362,751 #ETH, equivalent to about $1.11 billion, through various wallets since February 8. This revelation highlights Sun's active role in the cryptocurrency market and his broad investment strategies beyond Bitcoin.

The story is not limited to #Bitcoin. Sun's allegations of engaging in significant Ethereum purchases point to a diversified investment approach in the crypto space. Detailed blockchain data from reliable sources such as Spot On Chain points to a series of transactions that have raised a significant amount of ETH, further solidifying Sun's influence and strategic vision in the cryptocurrency market . These actions reveal multifaceted tactics that highlight how prominent investors are leveraging various digital assets.