Data: Five suspected addresses of Sun Yuchen have accumulated over 405,000 ETH in the past 7 months

According to ChainCatcher news, on-chain analyst @ai_9684xtpa disclosed that five addresses suspected to belong to Sun Yuchen accumulated a total of 405,437 ETH between 2023.12 and 2024.06, with a total value of 1.42 billion USD and an average cost of about 3010 USD. Among them:

1. In four accumulation instances, the ETH price rose three times, with an overall win rate of 75%, where the average increase at the end of 2023 and in February 2024 reached 15%;
2. There is no direct correlation between the buying scale and ETH price fluctuations;
3. Due to the excellent liquidity of ETH, Sun Yuchen's large purchases did not directly affect the daily price;
4. Sun Yuchen seems to be a firm bull on ETH, preferring a "hold for appreciation" strategy, with ETH steadily or even fluctuating upwards during the three profit-taking periods.