Justin Sun Says He Has No Plans to Sell Ethereum Despite Price Drop, Sticking to His HODL Strategy

With many Ethereum investors stepping back, Justin Sun, the founder of Tron, has decided to hold onto his ETH despite the dip in price. He shared his stance in a post on X, saying:

ETH is currently at a low price, but we have no intention of selling our ETH holdings. Tron will continue to seek opportunities to collaborate with more Ethereum developers and build our industry together.

— H.E. Justin Sun 🍌 (@justinsuntron) April 17, 2025

As Ethereum continues to trade under $2,000, some are choosing to sell off their assets due to the market slump. But Sun, confident in his strategy, is sticking to his plan and holding steady with his ETH. 

The Background: A Strategic History of Moves

This isn’t the first time Sun’s actions have caught attention. Earlier this year, reports indicated that he sold about $143 million in Ethereum right before a major price decline. Given this, it’s hard to ignore the question: Does this latest move to HODL reflect long-term confidence, or is it another calculated step in a broader strategy? At present, Sun’s ETH holdings are estimated at around 665,000 tokens, worth just under $1 billionwell down from a previous high of $2.5 billion. While his decision to hold despite a falling Ethereum price is bold, it suggests Sun might be playing the long game in anticipation of a recovery.

Collaborating with Ethereum Developers

Along with his HODL stance, Sun also hinted at plans to strengthen ties with Ethereum developers. He mentioned that Tron is seeking opportunities to collaborate with Ethereum, aiming to foster further growth within both networks. While the specifics are still unclear, any partnership between ETH and Tron could be big for both networks. If this effort picks up steam, it could open up new development opportunities and, over time, possibly give the Ethereum price a boost. For now, though, it’s more of a commitment than a solid plan in action.

How Does the Crypto Market Respond?

Since Sun’s statement, the Ethereum price hasn’t really budged. It’s still sitting below $1,600, a far cry from its price a year ago. Some analysts feel it might have bottomed out, but there’s still uncertainty about whether a strong recovery is on the horizon.  The market’s reaction to Sun’s words has been pretty quiet. While his comments may encourage a few to hold onto their ETH, bigger factors like global economic shifts, regulatory changes, and what’s happening with Ethereum’s technology are likely to have a bigger impact on where the price goes next.

What’s Next for Sun and Ethereum?

For now, Justin Sun’s decision to hold his Ethereum doesn’t appear to be a game-changer for the market. While his history of strategic moves gives weight to his words, the Ethereum price is still influenced by a wide range of factors outside any one individual’s actions. As the crypto market watches closely, all eyes will be on whether Sun follows through with his promises of deeper collaboration with Ethereum developers and whether that results in any tangible shifts in Ethereum’s ecosystem. For investors, it’s a wait-and-see moment, with the future of Ethereum’s price still hanging in the balance.