TechFlow News, according to on-chain analyst @ai_9684xtpa, five addresses疑似linked to Justin Sun have accumulated a total of 405,437 ETH between December 2023 and June 2024, worth $1.42 billion at an average cost of approximately $3,010. Specifically:
- Out of four accumulation periods, ETH price rose following three, achieving a 75% success rate; the average price increase during late 2023 and February 2024 reached 15%;
- There is no direct correlation between the size of purchases and subsequent ETH price movements;
- Due to ETH's high liquidity, Justin Sun’s large-scale buying did not directly impact daily price charts;
- Justin Sun appears to be a firm ETH bull, favoring a "hold-for-gains" strategy, during which ETH prices steadily or even volatilely rose in three profitable periods.
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