Tron CEO Says Ethereum’s “Fragile Double Top” Prompted Him to Sell 80-90% of ETH Holdings

Justin Sun, founder and CEO of TRON, recently said he sold 80% to 90% of his personal Ether holdings and allocated the funds toward U.S. crypto-related stocks. He cited a fragile double top pattern in Ether, a bearish technical formation he said reflected a persistent downtrend, while leaving his Bitcoin holdings unchanged. Sun said he views U.S.-listed crypto stocks as undervalued and sought diversification. He also said he invested in World Liberty Financial after buying $30 million in WLFI tokens in November 2024, making him the largest investor in the DeFi platform backed by U.S. President Trump.