TRON founder Justin Sun says he sold roughly 80%–90% of his Ethereum holdings as the cryptocurrency approached $4,000, an exit he made after identifying what he described as a fragile double-top pattern on the price chart. He has not repurchased the tokens he sold. Instead, Sun has redirected substantial capital into U.S. stocks, with Nvidia and Nasdaq-100 exposure at the center of the reallocation. For readers, the disclosure offers a firsthand account of a prominent crypto founder rotating into traditional equities while digital-asset prices sat far below their 2025 peaks.

In an October 16 interview with Jin Ming, Sun said he exited between $3,600 and $4,000 and has since kept only a smaller core Ethereum stake, while leaving his Bitcoin holdings intact. Before that decision, Ethereum had been his largest cryptocurrency holding, making the reduction his most consequential disclosed digital-asset shift. The disclosure drew a line between the assets he considered vulnerable to a reversal and the investments he wanted to retain longer term.

Nvidia and Nasdaq-100 exposure anchored the pivot. However, Sun provided no token volumes, proceeds figures, or precise execution dates, leaving the transactions independently unverified. He framed the move as a response to market structure rather than a withdrawal from decentralized finance.

Double-Top Fears Behind the Sale Near $4,000

A double top is a chart formation in which an asset tests a price level twice and fails to hold above it, a shape some traders read as a warning that upward momentum is exhausted. Sun linked the sale to such a formation, which he perceived after Ethereum approached $4,800, fell back, and staged another advance, while noting that the pattern alone cannot independently establish that a reversal is underway.

Sun said exchange-traded fund demand supported the second rally, citing investor Tom Lee when describing its buying momentum. Rather than rely on that support continuing, he judged the rebound fragile and reduced his exposure. The market subsequently weakened.

The interview comments were flagged by the crypto news account Wu Blockchain, which wrote on X:

Justin Sun: Sold 80–90% of ETH at $3,600–$4,000, Then Bought Heavily Into US Stocks

On October 16, 2026, Justin Sun @justinsuntron said in an interview with William Joy that he had sold 80–90% of his ETH position at around $3,600–$4,000, keeping only a core holding and had not… pic.twitter.com/yNSBZIRFHr

— Wu Blockchain (@WuBlockchain) October 18, 2026

Ethereum reached approximately $4,950 in August 2025 and approached $4,755 again that October. By October 17, 2026, it closed near $2,402, roughly 33%–40% below Sun's reported $3,600–$4,000 selling range.

Even so, the exit did not end Sun's involvement with Ethereum. He described the network as his preferred venue for large-scale decentralized finance operations because of its deeper liquidity — a distinction that separates trading an asset from using the blockchain beneath it. Whether he rebuilds the position at lower prices — he said he has not bought back what he sold — is a question the interview left open.

Nvidia and Nasdaq-100 Investments Followed the ETH Reduction

After trimming ETH, Sun moved funds into U.S. equities, saying he expected investor attention to concentrate on American stocks. He identified Nvidia as a major holding and reported significant Nasdaq-100 exposure, though he did not detail position sizes, allocations, or purchase prices.

His stance did not amount to an unqualified endorsement of technology shares. Sun said he had become slightly bearish on the Nasdaq over the medium term, citing crowded artificial intelligence investments and borrowing costs. That caution coincided with a rough stretch for the index: the Nasdaq Composite fell 2.1% on October 16 and lost approximately 4.5% across the week as investors questioned heavy spending on AI infrastructure. The equity side of the rotation is the part readers may watch for further detail, since position sizes, entry prices, and any follow-on adjustments were not disclosed.

Bitcoin remained a separate matter. Sun said he retained it throughout the previous year while monitoring potential cryptographic threats from artificial intelligence and quantum computing. He also described isolating his Bitcoin in previously unused cold-storage addresses as a precaution, without predicting when such threats might materialize.