Tron Founder Justin Sun Buys More Ethereum During Market Crash
Justin Sun, the founder of Tron, has purchased an additional 14,884 Ethereum (ETH) worth approximately $36 million during the recent market crash. Sun, who is a major proponent of Ethereum, has been accumulating the cryptocurrency since February 2024. This recent purchase brings his total ETH holdings to 392,474 units, which cost him about $1.19 billion to purchase. Despite the price hurdle that ETH faced, US spot Ethereum ETFs still recorded massive inflows, indicating growing confidence and adoption of crypto products by institutional investors.
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