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Justin Sun said in an October 16, 2026 interview with William Joy that he sold 80–90% of his ETH position near $3,600–$4,000. He kept a core holding and said he had not bought back in as of the interview.
Why it matters
Sun said ETH appeared to have formed a fragile double top, prompting the sharp reduction. He then bought heavily into US stocks, arguing that capital would concentrate in that market. The move frames ETH selling as a deliberate rotation rather than a broad retreat from risk assets.
Market impact
The comments add a bearish whale-activity signal for ETH, although they do not establish a broader market flow. Sun said he left his core Bitcoin holdings untouched, separating his ETH view from his longer-term BTC position. Traders will watch whether the capital-rotation thesis is followed by renewed ETH buying or further reductions.
Frequently asked questions
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Why did Justin Sun sell most of his ETH position?
Sun said ETH appeared to have formed a fragile double top, prompting him to cut 80–90% of his position.
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At what price range did Sun say he sold ETH?
He said he sold most of his ETH near $3,600–$4,000.
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Where did Justin Sun move the capital from his ETH sales?
Sun said he bought heavily into US stocks because he expects capital to concentrate in that market.
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Did Sun sell his core Bitcoin holdings as well?
No. Sun said he left his core Bitcoin holdings untouched while reducing his ETH position.
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Had Justin Sun bought back into ETH by the interview?
No. He said he had not bought back into ETH as of his October 16 interview with William Joy.
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