Crypto Billionaire Justin Sun Doubles Down On Ethereum, Reportedly Buys $49M Worth Of Assets In 3 Days — Excitement Over Spot ETFs Launch?
Portfolio Pulse from Aniket Verma
Crypto billionaire Justin Sun has reportedly purchased $49 million worth of Ethereum over the past three days, as the cryptocurrency's price dipped. This move is seen as a bullish signal ahead of the anticipated launch of spot Ethereum ETFs and follows the closure of the SEC's investigation into Ethereum's security status.
June 24, 2024 | 7:17 am
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Justin Sun's significant purchase of Ethereum suggests strong bullish sentiment, especially with the upcoming launch of spot Ethereum ETFs and the recent regulatory clarity from the SEC.
Justin Sun's large purchase of Ethereum indicates confidence in the cryptocurrency's future, especially with the anticipated launch of spot ETFs and the positive regulatory news. This is likely to boost investor sentiment and drive short-term price increases.
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