Justin Sun addressed recent rumors regarding the sale of Ethereum, revealing that the significant transactions were internal wallet transfers. He confidently holds around 42,904 ETH, which is valued at 139 million USD, indicating his Optimism for Ethereum’s long-term growth.
Recently, Ethereum’s price declined from 4,000 USD to 3,127 USD, but analysts predict a rebound. With bullish patterns suggesting a rise to 4,800 USD, Sun’s quick clarifications have helped alleviate investor worries.