Sun Cut 80–90% of His Ethereum Position After Its Rebound to $3,600–$4,000
Key Facts
Justin Sun said he cut 80–90% of his Ethereum position after its price rebounded to the $3,600–$4,000 range in the previous cycle, and that he has stayed out of the position since then, moving the funds into U.S. stocks. PANews reported the remarks in a recorded interview with Sun, presenting them as disclosure of a previous decision rather than a new sale. Sun said that, in his view, the price formed a "fragile double top" during that rebound. He added that the pattern relied on favorable factors, including exchange-traded funds, whose supportive effect he described as exhausted. Sun thus linked his position cut to his assessment of the price trend and the waning strength of the factors he believed had supported it.
Sun did not specify the original size of his position, and said he cut the stated percentage of his Ethereum position, not his total personal holdings. This detail puts the scale of the cut in the context of the decision he described, without indicating the number of coins he sold or their value. The $3,600–$4,000 range refers to the rebound that preceded the sale in the previous cycle, not to a recent price. Sun said he has remained out of the position since then, moving the funds into U.S. stocks. His interview remarks did not include an assessment that those stocks were undervalued or would outperform Ethereum.
By contrast, Sun said his Bitcoin position had not changed, describing the cryptocurrency as a core holding in his asset allocation. He said he moved the relevant Bitcoin units to new cold-wallet addresses that had never signed transactions or sent funds out, explaining the move as security isolation. As he described it, this stance separates his Ethereum position cut from keeping Bitcoin among his core holdings. He also said he holds large amounts of U.S. technology stocks, naming Nvidia among his holdings. But he expressed slight reservations about the Nasdaq and AI stocks, which he described as crowded in the short to medium term.
Sun also discussed AI applications in health management, saying he was optimistic about the field. He described a process that starts with devices collecting user data, such as the Oura Ring, followed by data analysis and extraction. He said AI could provide preliminary health decisions, supported by second opinions from experts. This view came alongside his discussion of technology stocks, but does not change his stated reservations about the Nasdaq and crowded AI stocks over the short to medium term. The recorded interview between Sun and Jin Ming lasted 3.5 hours, according to PANews.
On Tron’s plans, Sun said the project intends to make high-quality U.S. stock assets available on-chain in November of that year. He cited the "QQQ" fund and the "Standard & Poor’s 500" index as examples, specifying the month as the timeline for the plan. The initiative comes as he moves funds from his Ethereum position into U.S. stocks, according to his account, while keeping his Bitcoin position intact. The interview did not specify the amount of funds moved or provide details on how the plan would be implemented. It also gave no timeline beyond November for its execution.
Price data cited by Investing.com show Ethereum at $2,423.37 on October 16, 2026, the day the interview was published according to the account, and at $2,402.91 the following day. At the end of the month, the cryptocurrency stood at $2,253.22 on October 29, down 4.51% on the day, before reaching $2,245.45 on October 30. These prices reflect moves that came after the rebound range at which Sun said he made the decision to cut his position in the previous cycle. His decision itself, according to his published remarks, had been made before these prices, and he has stayed out of the position since then. The percentage he disclosed remains a description of his position as reported in the interview.