Tron founder Justin Sun, Ethereum (ETH) $3,397.3 He flatly denied the allegations that he was involved in sales. While onchain analysis shows that a significant amount of Ethereum has been invested in the HTX exchange in the last month, Sun stated that all these rumors are unfounded. The statement comes at a time when Ethereum price has risen above $3,400.
Ethereum Transfers and Speculations
Ethereum transfers from Justin Sun’s wallet attracted attention. ETH withdrawals from platforms such as Lido Finance and EtherFi and investments in HTX led to comments among some investors that Sun was selling his Ethereum assets. However, Sun said, “The rumors of ETH liquidation are completely unfounded. These are just transfers between our different wallets. “We continue to believe in the Ethereum ecosystem for the long term.” He clearly denied the allegations.
In his statement, Sun stated that the transfers were not intended to create liquidity and that his commitment to the cryptocurrency ecosystem continued. This situation attracted the attention of investors and contributed to reducing uncertainty in the market.
Ethereum Price Movement and Market Expectations
The increase in the Ethereum price in recent days is considered a harbinger of a wide-scale rise. Justin Sun transferred a total of 108,919 ETH to the HTX exchange since November 10 at an average price of $3,674. A significant portion of these transactions occurred near Ethereum’s local price peaks. However, Sun’s statements indicate that these transactions are not for sales purposes.
Currently, Ethereum price is trending above $3,400. Market analysts agree that ETH has the potential for a rally towards $4,000. Justin Sun’s clear statements to the market may positively affect Ethereum’s price stability. Experts state that influential names like Sun increase confidence in the market and direct investor decisions.
This recovery in Ethereum price reinforces long-term support and adoption trends. Investors are trying to develop new strategies by closely following market movements and Sun’s statements. Faith in the Ethereum ecosystem is considered a positive signal for the future of the platform.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
