Justin Sun, this name must be familiar to everyone. Whenever there is hot news, whether it is in the industry or outside, he always has to take advantage of the heat to let the world feel his "presence". The recent hot news in the cryptocurrency circle is overwhelming, and Justin Sun seems to be everywhere.

Just today, according to reliable sources, Justin Sun once again added 14,436 Ethereum, equivalent to about $45.59 million. Since April 17, the address has increased its holdings by 80,314 Ethereum. This news coincides with the news on July 10. The news on July 10 said that Justin Sun withdrew 50 million USDT from Aave, of which 45 million was used to buy Ethereum, and the other 5 million was used to buy Ethereum on the chain. This means that he bought all the $45 million USDT in Ethereum today. This reminds me of an article by Lu Xun: "There are two trees in my house, one is a jujube tree, and the other is also a jujube tree." I really don't understand why he didn't just buy all of Ethereum, but had to go through such a big detour.

As of December 26, 2023, Sun Yuchen has purchased 421,800 Ethereum through 5 wallet addresses, with a total value of approximately US$1.267 billion. The average price of these Ethereums is US$3,000. As of now, his total Ethereum holdings are 698,700, about US$2.215 billion. This number is astronomical for ordinary people. Many people who buy meme coins do not have such a large position. It is often said on the Internet: "The big guys have no concept of luxury goods." Indeed, they do not regard Ethereum as a luxury at all.

We often say that the biggest selling point of Bitcoin is its scarcity. However, I suddenly realized that this might be a false concept. Doesn't scarcity mean that it is difficult to obtain? So, now the big guys in the exchange throw out tens of thousands of Bitcoins at will. How is this different from frogs laying eggs? How can it be called scarce? Moreover, as long as you have USDT, you can get Bitcoin at any time.

We compare Bitcoin to tulips, but maybe we are too superficial. Well, there must be a benchmark. Some people compare Bitcoin to antiques. Let's see that the value of antiques lies in its uniqueness or rarity. However, there are 21 million Bitcoins, and 20 million are lost. These 20 million look exactly the same. In real life, any object with 20 million will become worthless. I suddenly feel that the total amount of other altcoins can easily reach billions, probably to highlight the rarity of Bitcoin.

Justin Sun has spent billions of dollars on Bitcoin and Ethereum so crazily. Perhaps he really sees the charm of digital currency. We have always said: "You can doubt his character, but never doubt his ability to make money." The Ethereum in his hands is not lying in his wallet, waiting for others to pull the price. Among them, 646,900 Ethereums are used for staking or earning income on the staking platform. Someone has calculated that Justin Sun's daily interest income is as high as 180,000 US dollars, which is equivalent to 56.7 Ethereums per day.

There is a saying: "If you don't even eat the food you cook, how can you expect others to eat it?" This is why Sun Yuchen's own digital currency does not increase in price. If you don't buy your own coins, who else can you expect to pull up the price of your coins? Isn't this ironic? I wonder if Vitalik has more Ethereum than him?

If there are any problems with these pledge platforms, I think it will not be as simple as him calling the German government, he may have to call the Buddha. If you have any different opinions, please feel free to discuss them together. #美国6月CPI大幅降温 #币安7周年 #美联储何时降息？ $BTC