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Cryptocurrency News Articles

Justin Sun Stands Firm on Ethereum Amid Market Dip

Apr 18, 2025 at 06:50 pm

While many Ethereum investors are pulling out amid a prolonged price slump, Justin Sun, the founder of Tron, is doubling down.

Justin Sun Stands Firm on Ethereum Amid Market Dip

While many Ethereum investors are pulling out amid a prolonged price slump, Justin Sun, the founder of Tron, is standing firm.

In a recent post on X (formerly Twitter), Sun stated that he has no intention of selling his substantial ETH holdings, even though the cryptocurrency is currently at a low price.

“ETH is currently at a low price, but we have no intention of selling our ETH holdings. Tron will continue to seek opportunities to collaborate with more Ethereum developers and build our industry together,” Sun wrote on Monday.

With Ethereum struggling to hold above $1,600, Sun’s decision stands in stark contrast to the growing number of holders exiting the market.

Earlier this year, reports claimed that Sun sold $143 million worth of Ethereum shortly before a major market correction.

At present, Justin Sun’s estimated holdings amount to 665,000 ETH, valued at just under $1 billion—a significant drop from a prior valuation of $2.5 billion.

This massive holding makes his decision to HODL even more notable in a climate of fear and uncertainty. While others are cutting losses, Sun appears to be playing the long game.

Sun’s latest move follows a series of earlier strategic decisions. In February 2025, reports surfaced that he had sold $143 million worth of Ethereum just before a major market correction. That move raised eyebrows and added to his reputation as a shrewd crypto strategist.

Now, with Ethereum hovering near year-long lows, some investors are wondering: is this latest HODL announcement a true show of confidence—or another calculated move?

Beyond just holding ETH, Sun also teased a broader vision: increased collaboration between Tron and Ethereum developers.

While details remain scarce, the idea of interoperability or shared development between the two major blockchain ecosystems is already sparking speculation.

If such a collaboration were to materialize, it could be a game-changer for both networks—potentially leading to increased DeFi innovation, developer activity, and long-term network value. For now, however, Sun’s comments read more as a directional statement than a concrete roadmap.

Despite the buzz, Ethereum’s price has shown little reaction. As of now, it remains below the $1,600 mark, far from the highs of over $3,000 seen just a year ago.

While some analysts suggest that ETH may have hit a bottom, broader market forces—like inflation, interest rates, and upcoming Ethereum upgrades—are likely to have a much larger influence on its trajectory.

Sun’s continued public support for Ethereum, especially during a market slump, puts him in the spotlight once again. But whether his latest play will impact Ethereum’s recovery or the market’s momentum remains to be seen. One thing’s for sure: investors and developers alike are watching what comes next—especially if Tron and Ethereum begin working closer than ever before.

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Other articles published on Apr 19, 2025