bullish

TRON

Ethereum

Bitcoin

Tom Lee

<h2 id="b-tldr-b">TLDR:</h2>
<ul>
 <li style="font-weight: 400">Justin Sun sold 80%–90% of his Ethereum near $3,600–$4,000 after identifying a fragile double-top pattern.</li>
 <li style="font-weight: 400">He has not repurchased the Ethereum sold, although he retained a smaller core position and kept Bitcoin.</li>
 <li style="font-weight: 400">Following the sale, Sun shifted capital into U.S. stocks, identifying Nvidia and Nasdaq-100 exposure.</li>
 <li style="font-weight: 400">Ethereum closed near $2,402 on October 17, about 33%–40% below Sun’s reported $3,600–$4,000 exit range.</li>
</ul>
TRON founder <a href="https://blockonomi.com/justin-sun-wins-court-battle-to-keep-world-liberty-financial-lawsuit-public/" rel="noopener noreferrer nofollow">Justin Sun</a> reduced his once-dominant Ethereum position by roughly 80%–90% as the cryptocurrency approached $4,000, then redirected substantial capital into American stocks. In an <a href="https://www.bidclub.ai/e/justin-sun-deep-interview-btc-nasdaq-ai-20261016?utm" rel="noopener noreferrer nofollow">October 16 interview</a> with Jin Ming, Sun said he sold between $3,600 and $4,000 and has not repurchased those tokens.
Instead, he kept a smaller Ethereum stake while leaving his <a href="https://blockonomi.com/strategy-bitcoin-holdings-reach-845050-btc-after-saylor-post/" rel="noopener noreferrer nofollow">Bitcoin holdings</a> intact. Before that decision, Ethereum had been his largest cryptocurrency holding, making the reduction his most consequential disclosed digital-asset shift. The disclosure revealed a divide between assets he considered vulnerable to a reversal and investments he wanted to retain longer term.
Nvidia and Nasdaq-100 exposure became central to that shift. However, Sun provided no token volumes, proceeds, or precise execution dates, leaving the transactions independently unverified. He described the move as a response to market structure rather than a withdrawal from decentralized finance.
<h2 id="b-double-top-fears-behind-justin-sun-s-80-90-eth-sale-near-4-000-b">Double-Top Fears Behind Justin Sun’s 80%–90% ETH Sale Near $4,000</h2>
Sun linked the sale to a double-top formation he perceived after Ethereum approached $4,800, fell back, and staged another advance. That pattern describes two attempts to sustain higher prices, although it cannot independently establish a reversal.
<div class="embed-x">
 <blockquote class="twitter-tweet">
 Justin Sun: Sold 80–90% of ETH at $3,600–$4,000, Then Bought Heavily Into US Stocks
 On October 16, 2026, Justin Sun <a href="https://x.com/justinsuntron?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@justinsuntron</a> said in an interview with William Joy that he had sold 80–90% of his ETH position at around $3,600–$4,000, keeping only a core holding and had not… <a href="https://t.co/yNSBZIRFHr" rel="noopener noreferrer nofollow">pic.twitter.com/yNSBZIRFHr</a>
 — Wu Blockchain (@WuBlockchain) <a href="https://x.com/WuBlockchain/status/2111737300946460760?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 18, 2026</a>
 </blockquote>
</div>
He said exchange-traded fund demand supported the second rally, citing investor Tom Lee when describing its buying momentum. Rather than rely on continued support, he considered the rebound fragile and reduced his exposure.
The market subsequently weakened. <a href="https://moneycheck.com/ethereum-eth-drops-below-2600-after-400m-liquidation-wave-sweeps-market/" rel="noopener noreferrer nofollow">Ethereum</a> reached approximately $4,950 in August 2025 and approached $4,755 again that October. By October 17, 2026, it closed near $2,402, roughly 33%–40% below Sun’s reported selling range.
Even so, the exit did not end his Ethereum involvement. He described the network as his preferred venue for large-scale decentralized finance operations because of its deeper liquidity. The distinction separates trading an asset from using its underlying blockchain.
<h2 id="b-nvidia-and-nasdaq-100-investments-followed-the-eth-reduction-b">Nvidia and Nasdaq-100 Investments Followed the ETH Reduction</h2>
After trimming ETH, Sun moved funds into <a href="https://coincentral.com/chainlink-powers-real-time-pricing-for-ondos-tokenized-u-s-equities/" rel="noopener noreferrer nofollow">U.S. equities</a>, expecting investor attention to concentrate on American stocks. He identified Nvidia as a major holding and reported significant Nasdaq-100 exposure, without detailing allocations or purchase prices.
His position did not imply an unqualified bullish view of technology shares. Sun said he had become slightly bearish on the Nasdaq over the medium term, citing crowded AI investments and borrowing costs. That caution coincided with the Nasdaq Composite’s 2.1% decline on October 16. The index lost approximately 4.5% that week as investors questioned heavy artificial intelligence infrastructure spending.
<a href="https://parameter.io/siebert-financial-projects-bitcoin-rally-beyond-175000-on-stablecoin-expansion/" rel="noopener noreferrer nofollow">Bitcoin</a> remained a separate holding. Sun said he retained it throughout the previous year while monitoring potential cryptographic threats from artificial intelligence and quantum computing. He also described isolating Bitcoin in previously unused cold-storage addresses as a precaution, without predicting when such threats might materialize.
The post <a href="https://blockonomi.com/justin-sun-reveals-why-he-sold-90-of-his-eth-near-4000-and-pivoted-to-nvidia/" rel="noopener noreferrer nofollow">Justin Sun Reveals Why He Sold 90% of His ETH Near $4,000 and Pivoted to Nvidia</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Justin Sun Reveals Why He Sold 90% of His ETH Near $4,000 and Pivoted to Nvidia

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