Justin Sun Holds ETH Amid Market Downturn, Eyes Collaboration

Justin Sun Holds ETH Amid Market Downturn, Eyes Collaboration
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Despite Ethereum’s recent price plunge, Tron founder Justin Sun has reaffirmed his commitment to holding his ETH holdings. Sun also revealed plans to strengthen ties with Ethereum developers, signaling confidence in the network’s long-term potential.

  • Justin Sun holds 665,000 ETH (worth ~$1B) and refuses to sell despite ETH's 67% drop from its ATH.
  • Ethereum's active addresses have declined by 11% YoY, while transaction fees hit a 5-year low at $0.168.
  • Whales dumped 143,000 ETH last week, and derivatives volume fell 26.8%, though options activity saw a slight uptick.
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