Sun Yuchen: 80% to 90% reduction in ETH holdings, switching to US tech stocks
Sun Yuchen stated in an interview on October 17th that he has reduced his ETH holdings by 80% to 90%, with selling prices mainly in the range of $3600 to $4000. The funds obtained have been transferred to the US technology sector, and currently only 20% of ETH is retained as the underlying asset. Sun Yuchen stated that the core position of Bitcoin remains unchanged and coexists in the cold wallet, with Nvidia as its main US stock position and a heavy position in the Nasdaq 100 index. (Source: Crypto Briefing)