Mike Smith
23 hours ago
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Justin Sun, creator of the Tron project, has stated his determination to keep Ethereum in his portfolio despite the sharp drop in quotes. Through his X account, he made it clear that the current value of ETH does not faze him and selling in the near term is not seen as a possible scenario. According to San, his team is confident in the altcoin's long-term potential and has no plans to part with the assets, even if the market continues to feverish.
Although the Tron Foundation does not officially disclose the volume of its reserves, rumours about substantial ETH reserves at the organisation's disposal are actively circulating in the crypto community. It is only known that Sun personally owns about 665 thousand ETH, which is about $1.05 billion at current quotes. When Ethereum was at its historic peak, the value of his portfolio was approaching $2.5bn, highlighting the scale of the personal losses he faced. Nevertheless, even amidst a collapse of nearly half, he shows no intention of locking in losses.
In contrast, other major Ethereum holders are beginning to sell off the asset, which is putting pressure on the market and fuelling anxious sentiment among investors. The widening wave of selling at a loss raises concerns that the price could once again fall below the psychological $1,500 mark.
In parallel with the statement of intent to hold positions, Sun outlined the strategic direction of Tron's development through increased interaction with the Ethereum ecosystem. Specifically, this includes collaborations with developers and other industry players to grow together. He emphasised that Tron is seeking closer partnerships within the blockchain environment, which should, in his opinion, trigger internal growth levers and attract additional attention to the altcoin.
The initiative comes amid renewed discussions in the Ethereum community about ways to get out of the current stagnant state. Previously, Sun had already proposed rather radical measures - for example, a temporary moratorium on ETH sales by the Ethereum Foundation, as well as fiscal initiatives regarding Layer 2 protocols, which caused mixed reactions in the community.
At the time of publication, Ethereum is valued at $1,581, having lost about 46% of its value over the year. Despite the decline, some analysts believe the bottom has already been passed. Positive macroeconomic signals, including improved employment figures, could play into the crypto market's hands and spur a recovery. Separate technical charts also record the breakdown of resistance levels, which in an optimistic scenario could bring the ETH price back to the $4,800 zone.
