Trons Justin Sun Goes Mega Bullish on ETH, Denies Selloff Rumours

World Crypto Global

Crypto News

Top News By Agency By Country By Publication Time The Most Read Stories Most Viewed Agencies All News Trons Justin Sun Goes Mega Bullish on ETH, Denies Selloff Rumours © Copyright Image: ZyCrypto

During recent price slides, crypto entrepreneur Justin Sun has restated his bullish grip on Ethereum (ETH). The Tron Network executive has driven several reactions from the community due to on-chain digital asset movements and partnerships to drive wider adoption. Ethereum continues sideways movement after its price correction alongside Bitcoin.

Justin Sun Stress Long-term ETH Holdings

In a recent post on X (formerly Twitter), Justin Sun quelled concerns about offloading part of his Ethereum holdings. Crypto enthusiasts flagged large amounts of ETH flowing from Suns wallet to HTX. Fund transfers included assets from Lido Finance and EtherFi, increasing the sale rumours.

However, Sun noted that it wasnt a sale but merely a transfer between wallets. Generally, transfers from other custodians to exchanges are characterized as potential sales due to the ease of transactions, while movements to other custodians signify long-term holdings. The transfer to HTX sparked these concerns, mounting the shift in sentiments.

The Tron executive remains bullish on the second-largest cryptocurrency with previous asset movements. However, Sun has moved 108,919 ETH to HTX after the November polls. These inflows came from the price jump that followed Donald Trumps victory.

Bitcoin hit new highs above 90K, driving up other crypto assets. Although Ethereum didnt hit an all-time high, the largest altcoin attracted huge inflows, taking the price above $4K. This led to some traders recouping gains as the wider markets profit-taking surged. On the other hand, some traders want mega bullish on the asset, tipping a price surge above $5K to end the year.

The rumors circulating online about us liquidating ETH are false. This is simply a transfer of ETH between our different wallets. We remain long-term bullish on the Ethereum ecosystem, Justin Sun tweeted.

Whats Next For ETH Price?

The last few days have been bearish for ETH prices and other crypto assets. Total liquidation topped $2 billion, sparking doubts over more peaks in the bull cycle. Despite negative trading, hourly trading shows a resurgence of positive signals as many metrics remain green.

Ethereum has posted slight gains in the last 24 hours, while other top altcoins have pulled larger numbers. A major reason for the drive in ETH remains institutional investor activities taking funds to a string of weekly inflows. Altcoin traders are still warned about a patch of sideways trading before a bull swing.

Read more: https://zycrypto.com/trons-justin-sun-goes-mega-bullish-on-eth-denies-selloff-rumours/

Text source: ZyCrypto

Cryptocurrency News Justin Sun Tron News Written by Aliyu Pokima On Thu, 26 Dec 2024 Disclaimer: Financial information and news are not financial advice, read the disclaimer. Buy & sell Crypto in minutes

Join BINANCE!

The world's largest crypto exchange

The 7 Most Read Stories Best NFT Airdrops and Giveaways for October 2022 These Are The Bitcoin Predictions For 2023 By Arcane... Lightning Labs Announces Cheaper Way To Send Money W... Potential Loss of $50K in Plea Deal for Suspected Ha... Tom Brady, Gisele Bundchen And Sam Bankman-Fried Sue... Best Bitcoin Wallets The new $10 billion protocol: Bitcoin builder explai... View All Most Viewed Agencies InsideBitcoins.com BitcoinChaser Blockonomi

The most complete Crypto News Center.

Search Stories:

Latest top stories

Uncovering the $9.3B Crypto Fraud Scam that Rocked Americans in 2024, Revealed by FBI

Bitcoin: News: 9.3B: Americans: crypto: FBI: Fraud: Revealed: Rocked: Scam: Uncovering:

By Crypto Breaking... On Thu, 24 Apr 2025 Trader Turns $173 into $224K on Solana Memecoin Amid Viral Surge

Altcoins:

By Coindoo On Thu, 24 Apr 2025 Web3 ai Becomes Best Long-Term Bet With 1,747% ROI Potential! ETH Aiming for $4,500 & Solana Holds Strong Above $130

Bitcoin:

By Coindoo On Thu, 24 Apr 2025 Limited Time: BlockDAG Now Available At $0.0025 Per Coin While AVAX Holds & BNB Burn Reshapes Supply

Bitcoin:

By Coindoo On Thu, 24 Apr 2025 Survey Reveals Crypto Users Embracing AI in Managing Their Portfolios

News: crypto: Embracing: Managing: Portfolios: Reveals: survey: users:

By Crypto Breaking... On Thu, 24 Apr 2025 Bitcoin-Ethereum Rebound Influences Mass Liquidation Over $654.22M in 24H

Market News: Market Updates: Bitcoin: BTC: ETH: ETHEREUM: Liquidation:

By TheNewsCrypto On Wed, 23 Apr 2025 Crypto Price Analysis 4-23: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, INTERNET COMPUTER: ICP, ALGORAND: ALGO, BITTENSOR: TAO

Breaking News:

By Crypto Daily On Wed, 23 Apr 2025 Onyxcoin (XCN) price up 14% to $0.01945, but negative funding rate signals trouble

Analysis: Markets: XCN:

By CoinJournal: La... On Wed, 23 Apr 2025 Overlooked PEPE and DOGE? XYZVerse emerges as the next 100x opportunity in the meme coin arena

Markets: Sponsored:

By CoinJournal: La... On Wed, 23 Apr 2025 Cantor Fitzgerald to build $3B Bitcoin venture in partnership with SoftBank, Tether, and Bitfinex

Business:

By Crypto Briefing On Wed, 23 Apr 2025 Bitcoin Pepe (BPEP) Tops Best Cryptos Before the Boom as Bitcoin Heads to $100k

Cookies Consent.

WE AND OUR PARTNERS USE COOKIES ON THIS SITE TO IMPROVE OUR SERVICE, PERFORM ANALYTICS, PERSONALIZE ADVERTISING, MEASURE ADVERTISING PERFORMANCE, AND REMEMBER WEBSITE PREFERENCES.

By using this website, you automatically accept that we use cookies.

To learn more about use of cookies see our Privacy Policy. Learn More.