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Justin Sun bets big on Ethereum: a strategic shift?
The founder of Tron just transferred 45,000 ETH ($154.5 million) from Aave to Lido on November 5. As a result, his holdings in Ethereum now surpass his positions in TRX for the first time.
The key numbers:
Key context: This move comes during a crash—Ethereum dropped 12% and the crypto market lost $230 billion in 48 hours. Justin Sun is swimming against the tide while everyone else panics.
What does it mean? Either it’s a classic contrarian buy from an insider who believes in a rebound, or it’s a signal that major players are accumulating before the next bull run. On-chain data suggests that staking activity on Ethereum is slowing down—perfect timing to buy low.
The tough question: why is Sun selling TRX (his own coin) to buy ETH? 👀