Justin Sun Sells Up to 90% of Ether Holdings and Pivots to Tech Equities

TRON founder Justin Sun revealed he liquidated 80% to 90% of his Ethereum holdings and reallocated the proceeds into U.S. equities, specifically NVIDIA and the Nasdaq-100 index. Sun executed the sales in the $3,600 to $4,000 range, citing structural fragility and a vulnerable double-top pattern, and has no plans to repurchase. He retains roughly 20% of his original ETH position as a base asset. Meanwhile, Sun left his Bitcoin holdings untouched in cold storage. Following Sun's sales, Ethereum dropped 33% to 40% from his exit range, closing near $2,402 on October 17.