David Edwards
Tron founder and crypto billionaire Justin Sun has issued a bullish call on Ethereum (ETH), asserting that now is an “excellent time to continue accumulating” the cryptocurrency rather than selling. Sun’s statement follows a recent shift in U.S. political leadership, which he believes signals a positive turn in crypto regulation.
Sun’s optimism echoes sentiments from Gemini co-founder Cameron Winklevoss, who recently suggested that regulatory burdens on crypto could soon ease, potentially reducing industry-wide legal costs. Sun and Winklevoss appear hopeful that anticipated pro-crypto reforms will unlock new opportunities for the sector.
A New Direction for Crypto Policy?
Reflecting on the recent political shift, Sun shared his optimism over anticipated improvements in the U.S. regulatory landscape. “With the improvement in macro crypto policies, we are very optimistic about the market outlook (including ETH),” Sun tweeted, advocating for investors to consider accumulating ETH at this stage.
Dormant Whale Activity Fuels Speculation
As Sun called for ETH accumulation, blockchain data provider @spotonchain reported a dormant whale wallet moving 12,001 ETH, worth approximately $34.1 million after holding for nearly nine years. Originally acquired in 2016 for just $103,000, this ETH holding now represents a substantial profit—a 330x increase. The whale’s move to sell has sparked interest, with market analysts observing closely for any potential impact on Ethereum’s price.
Winklevoss’ Optimism on Reduced Legal Expenses
Cameron Winklevoss has also shared his bullish outlook, particularly in light of regulatory changes. The Gemini co-founder anticipates that new pro-crypto leadership will relieve the industry of “hemorrhaging billions” in legal fees from battles with the SEC. These funds, he suggests, could be redirected toward technological innovation and expanding crypto’s role as “the future of money.”
Winklevoss’ statement also reflects the broader hope for an end to ongoing legal struggles, including the high-profile Ripple-SEC case and other crypto-related litigations. With optimism from leading voices like Sun and Winklevoss, the crypto industry is poised for potential growth as it looks to capitalize on a shifting regulatory environment.
