Justin Sun, founder of TRON, sold 80-90% of his Ethereum holdings when prices were between $3,600 and $4,000, citing a fragile double-top pattern as his reason. He retained a smaller Ethereum stake and kept his Bitcoin holdings intact. After selling Ethereum, Sun redirected capital into U.S. stocks, focusing on Nvidia and Nasdaq-100 exposure, though he expressed some medium-term caution on Nasdaq due to crowded AI investments and borrowing costs. Ethereum's price later dropped significantly, validating his cautious move, while Sun continues to use Ethereum for decentralized finance operations due to its liquidity.
Justin Sun's recent Ethereum sale and pivot to Nvidia coincide with a market where only 9 of 50 major cryptocurrencies rose today. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Oct 18, 2026 16:51 WIB: ZIL (Zilliqa) traded at Rp41 with a 1-day change of -4.52% and a Pluang order activity of 29% Sell / 71% Buy, YFI (Yearn) at Rp39,328,137 with a -4.38% change and 0% Sell / 100% Buy activity, and ENJ (Enjin Coin) at Rp502 with a -4.35% change and 81% Sell / 19% Buy activity. Typical hold times range from 93 to 133 days among these assets.
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