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Ripple’s RLUSD to Debut on Dec. 17 Experts Warn of Early Volatility Risks

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Ripple (XRP) will launch its USD-denominated stablecoin, RLUSD, on global exchanges tomorrow, December 17, 2024. The stablecoin will integrate with both the XRP Ledger and Ethereum blockchains. Ripple aims to deliver enterprise-focused solutions, leveraging its experience in cryptocurrency and traditional financial systems.

RLUSD will initially be available on platforms such as Uphold, Bitso, MoonPay, Archax, and CoinMENA. In the coming weeks, Ripple plans to expand availability to exchanges like Bullish, Bitstamp, and Mercado Bitcoin. This phased approach is expected to ensure smooth market adoption.

The stablecoin’s reserves will consist of US dollar deposits, government bonds, and cash equivalents. Ripple will publish monthly third-party attestations to maintain transparency and build trust. These measures aim to guarantee stability and ensure RLUSD’s backing remains secure.

RLUSD Supports Payments and Collateralization

Ripple plans to use RLUSD for global payments, cross-border settlements, and liquidity access. The stablecoin will also support treasury operations and remittance flows for enterprise clients. Ripple Payments will integrate RLUSD into its operations starting early next year to enhance its $70 billion annual payment volume.

The token will play a significant role in decentralized finance (DeFi), bridging traditional and digital asset systems. Additionally, RLUSD will facilitate collateralization for tokenized real-world assets, such as securities and commodities. This integration positions Ripple to capitalize on the growing demand for asset-backed tokens.

Ripple Addresses Regulatory Standards

Ripple launched RLUSD under the NYDFS limited purpose trust company charter, which is recognized for its rigorous regulatory standards. The approval reflects the stablecoin’s compliance with US financial regulations. Ripple expects clearer US regulatory frameworks to encourage greater adoption of stablecoins like RLUSD.

Brad Garlinghouse, Ripple’s CEO, emphasized that trust and expertise will drive RLUSD’s success in the market. He added that stablecoins backed by strong reserves provide real utility for global financial operations. The company remains confident in RLUSD’s ability to deliver reliability and efficiency to enterprises.

Ripple Targets Global Payments with RLUSD Launch

Ripple acknowledged that RLUSD may face volatility during its initial launch phase. High demand and speculative activity have led to reports of pre-launch supply shortages. David Schwartz, Ripple’s CTO, cautioned against market FOMO and urged patience as supply stabilizes.

Ripple anticipates that the volatility will subside once the market achieves supply-demand equilibrium. The company reassured users that RLUSD’s stability is reinforced by its secure reserves. Ripple’s measured approach aims to minimize disruptions and foster long-term confidence in the stablecoin.

With RLUSD’s launch, Ripple continues to bridge fiat and cryptocurrency systems, supporting enterprise payments and DeFi innovation. The stablecoin’s dual integration with XRP Ledger and Ethereum enhances its accessibility and utility for global markets.

Ethereum ETFs Boom: BlackRock and Fidelity Dominate $855M Inflows Week

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Ethereum spot exchange-traded funds (ETFs) recorded their highest-ever weekly inflows, totaling $855 million from December 9–13, 2024. This marks a significant milestone for Ethereum, reflecting heightened institutional interest and confidence in the cryptocurrency market. Leading the charge, BlackRock’s ETH ETF (ETHA) attracted $523 million in net inflows during the week.

Fidelity’s FETH ETF followed closely, securing $259 million in investor funds over the same period. Grayscale’s ETHE also gained notable traction, drawing substantial interest amidst the wave of inflows. These ETFs solidified Ethereum’s position as a top choice among institutional investors.

Rising Demand Pushes Ethereum Price Toward $5,000

Ethereum’s strong performance in the ETF market comes amid bullish price activity. The cryptocurrency traded at $3,965 on Monday, a 1.8% increase in 24 hours fueled by rising demand and network activity. Analysts predict that Ethereum could surpass $5,000, driven by robust supply-demand dynamics.

A CryptoQuant report supports this optimism, highlighting Ethereum’s realized price at $5,200, an upper valuation target. Strong investor sentiment, coupled with growing interest in ETH-backed ETFs, reinforces the likelihood of a rally. Ethereum remains the second-largest cryptocurrency by market capitalization, a key factor attracting institutional investments.

Grayscale Achieves $5.37B in Ethereum Assets

Grayscale’s ETHE ETF achieved a major milestone, ranking fourth in the Top 25 ETFs by asset size. The fund, managed by Grayscale Advisors, now holds $5.37 billion in assets under management. This achievement underscores the rapid growth of cryptocurrency ETFs since the SEC approved Bitcoin ETFs in January 2024.

The SEC’s decision to greenlight Ethereum ETFs in July 2024 further boosted the adoption of crypto-backed financial products. This regulatory support has spurred institutional participation, driving significant inflows into funds like BlackRock’s ETHA and Fidelity’s FETH. As a result, Ethereum ETFs continue to gain momentum, reshaping the investment landscape.

Ethereum’s performance in both price and institutional adoption signals its growing prominence in the financial ecosystem. The record-breaking inflows into spot ETFs highlight the cryptocurrency’s appeal as a long-term investment. With sustained growth in demand and network activity, Ethereum remains well-positioned for further gains.

Justin Sun Plans 53K ETH Move Sparking Market Buzz Amid $4K Ethereum Rally

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Justin Sun, the founder of Tron, has announced plans to acquire 52,905 ETH worth approximately $209 million. This move comes shortly after a significant Ethereum selloff by Sun, raising questions about his strategy. Ethereum prices have shown resilience, hovering near $4,000 despite market uncertainty surrounding Sun’s activities.

Tron Founder Justin Sun Plans To Bag 53K ETH

As reported by the on-chain analytics platform Spot On Chain, Justin Sun has applied to withdraw 52,905 ETH from Lido. This withdrawal aligns with his previous accumulation of 392,474 ETH, purchased for around $1.19 billion through three wallets. Sun holds an estimated profit of $349 million from his Ethereum investments, with a 29% return on investment.

Recently, Sun sold 29,920 ETH, valued at $119.7 million, to the HTX exchange following Ethereum’s price spike to $4,000. This selloff and his latest accumulation plan have sparked concerns about its impact on Ethereum’s market dynamics. Given the potential influence on the asset’s price, investors are closely monitoring his next moves.

Ethereum’s price increased by over 1% in the last 24 hours, reaching $3,937.41 with a high of $4,020. The cryptocurrency’s one-day trading volume surged 11%, hitting $30.5 billion, reflecting strong market activity. ETH has gained 27% over the past month, showcasing growing investor confidence.

Data from CoinGlass revealed a 5% increase in ETH Futures Open Interest, indicating bullish market sentiment. However, market experts are cautious about whether Sun’s planned acquisition will trigger further volatility. Despite these concerns, Ethereum whales have been actively buying as prices surpassed $3,300.

Market Experts Speculate on Justin Sun’s Intentions

Sun’s recent moves have fueled debates about whether he will continue selling ETH or hold his current assets. Some analysts suggest his actions could dampen Ethereum’s price momentum if significant selloffs follow. Others believe his accumulation signals long-term confidence in Ethereum’s potential growth.

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Source: Ali Martinez, X

Meanwhile, experts remain optimistic about Ethereum’s broader market trends. Analysts predict the asset may target the $15,000 mark in the future, boosting investor sentiment. As Ethereum’s price climbs, market participants will closely watch for Sun’s next steps and their implications.

Bitcoin (BTC) Set to Surge in 2025: Donald Trump’s Crypto Overhaul Could Ignite Boom

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CoinShares has released its predictions for the cryptocurrency market in 2025, highlighting key trends that could shape the industry. The investment firm expects significant changes in U.S. crypto regulation under the Donald Trump administration. Analysts foresee a shift in focus towards Bitcoin (BTC), with altcoins poised to outperform in the near term. Additionally, the emergence of Bitcoin-yielding companies and the continued rise of Ethereum’s Layer 2 solutions are expected to dominate the crypto landscape.

Donald Trump Administration to Influence Crypto Regulation

CoinShares analysts predict that the U.S. will experience a major overhaul in crypto regulation under the Trump administration in 2025. The firm expects that regulatory clarity and support for Bitcoin miners will create a more favorable environment for digital assets. These changes could lead to stronger growth for BTC, as the U.S. adapts to policies that are more welcoming to the crypto industry.

However, CoinShares’ Max Shannon notes that despite BTC’s continued strength, altcoins are likely to outperform in the coming year. The firm believes that miners who focus solely on Bitcoin will see better returns compared to those diversifying into other revenue streams. This trend points to the possibility of altcoins gaining more traction, as investors diversify their portfolios beyond Bitcoin.

Bitcoin Yield Strategies Gain Momentum in 2025

CoinShares has also highlighted the rise of Bitcoin-yielding companies as a key trend to watch in 2025. Several businesses are now adopting Bitcoin as a treasury asset, seeking to generate yields from their holdings. CoinShares’ Satish Patel identifies three major strategies for BTC yield generation: growing Bitcoin holdings relative to company shares, engaging in yield farming, and leveraging derivatives for income generation.

Companies like MicroStrategy, which holds over 420,000 BTC, are setting the stage for others to follow suit. These companies are adopting Bitcoin as a financial strategy, positioning themselves to benefit from both Bitcoin’s value appreciation and its potential to generate returns. This trend is expected to gain momentum as more companies, including names like Block, Marathon Digital, and Metaplanet, accumulate BTC and experiment with yield-generation strategies.

As more businesses start accepting crypto payments, including major players like Amazon, Shopify, and Nike, BTC is increasingly seen as both a store of value and a tool for generating passive income. Patel believes that this trend will continue to expand, with more companies potentially incorporating Bitcoin into their treasuries in 2025.

Ethereum’s Layer 2 Adoption Set for Growth

The prediction also points to Ethereum’s continued growth, particularly in its Layer 2 solutions. Ethereum’s Layer 2 scaling technology, which helps increase transaction speed and reduce fees, is expected to drive further adoption in 2025. Analyst Luke Nolan believes that the institutionalization of Layer 2 chains, demonstrated by companies like Kraken and Sony, will push demand for Ethereum services to new heights.

Nolan adds that Layer 2 adoption will increase the demand for Ethereum’s underlying infrastructure, leading to higher transaction fees and greater network usage. Furthermore, with the upcoming Pectra upgrade, Ethereum is expected to achieve new efficiencies in 2025. However, the network will still face challenges in balancing usability with value accrual as the ecosystem evolves.

Ethereum ETFs See $500M Inflows as BlackRock and Fidelity Lead Purchases

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BlackRock and Fidelity have significantly increased their Ethereum (ETH) holdings in the past few days, reflecting a surge in demand for ETH exchange-traded funds (ETFs). According to on-chain data, over $500 million in ETH has flowed into these funds recently. This marks a notable acceleration in inflows, surpassing the slower buildup observed in previous months.

Ethereum ETFs See $1.29 Billion Inflows

Ethereum ETFs have seen almost uninterrupted net inflows since November 21, with only a few neutral days. However, the past week has witnessed record-breaking activity, bringing in a total of $1.29 billion. This surge follows the positive market reaction after the U.S. elections, which boosted both cryptocurrency and traditional asset markets.

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Source: CoinAnk

BlackRock and Fidelity are leading the way in Ethereum purchases, with BlackRock’s known wallets now holding over 820,000 ETH. The firm has ramped up its ETH buying, similar to the early hype surrounding the ETF launch earlier this year. Fidelity, on the other hand, has expanded its holdings to more than 114,000 ETH, seeing a substantial increase in inflows after months of relatively slow growth. Both companies have capitalized on the renewed interest in Ethereum as the price hovers just below the $4,000 mark.

BlackRock and Fidelity Drive Ethereum ETF Growth

The growing interest in Ethereum ETFs coincides with the bullish sentiment in the broader crypto market. The total assets managed by BlackRock’s Ethereum ETF have surged to $3.55 billion, while Fidelity’s ETF has grown to $1.56 billion. Grayscale, despite recent restructuring, still holds the largest amount of ETH, with its Ethereum Trust managing $5.56 billion in assets. Grayscale has reduced its selling activity, contributing to the more optimistic outlook for ETH.

Market observers suggest that Ethereum’s relatively low inflation rate is another factor driving interest in its ETFs. ETH’s annual inflation rate has dropped significantly from a peak of 0.6% to just 0.12%. This reduction has helped position ETH as a more scarce asset, with only 3,569 ETH being minted each week, down from over 17,000 earlier this year.

Despite these positive developments, the Ethereum network itself remains somewhat controversial. Technical issues persist, and many industry insiders remain cautious about the network’s future. Ethereum continues to serve as the backbone for the Layer 2 ecosystem, but its base layer is not producing significant new inflows, as most of the activity now occurs on Layer 2 platforms and decentralized applications.

Bitwise Predicts Crypto’s Golden Era: Bitcoin to Surpass $200K

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Bitwise has set an optimistic tone for the future of cryptocurrency, predicting that 2025 will usher in the “golden era” for digital assets. With 2024 marked by unprecedented gains and institutional interest, Bitwise sees a strong momentum carrying forward into the next year. The firm’s predictions suggest a transformative phase for the crypto market, driven by innovations and an expanding regulatory framework.

BTC, ETH, and Solana to Reach New All-Time Highs

Bitwise forecasts that Bitcoin, Ethereum, and Solana will all achieve new all-time highs in 2025. Bitcoin is expected to trade above $200,000, with Ethereum reaching $7,000 and Solana hitting $750. The company predicts that the success of Bitcoin ETFs in 2024 will drive even more institutional capital into these top crypto assets in the coming year. As global demand for cryptocurrencies rises, Bitcoin’s market dominance is likely to increase, further pushing its price upward. Ethereum and Solana are also seen benefiting from growing developer ecosystems and expanding use cases.

Another key prediction from Bitwise is the surge of Initial Public Offerings (IPOs) from major crypto companies. The firm expects at least five prominent crypto unicorns to go public in the United States. Companies such as Circle, Figure, Kraken, Anchorage Digital, and Chainalysis are seen as strong contenders for listing in 2025. This IPO wave would mark a major milestone for the crypto industry, signalling its growing maturity and the increasing appeal of blockchain technology to traditional investors. The transition of crypto companies into publicly traded entities is poised to strengthen the sector’s credibility and financial infrastructure.

Bitcoin to Surpass Gold and Broader Crypto Growth

Bitwise also predicts that Bitcoin could surpass the $18 trillion gold market in the coming years, with Bitcoin potentially reaching $1 million per coin by 2029. This ambitious forecast reflects growing investor confidence in Bitcoin’s role as a store of value, potentially even replacing gold in certain portfolios. Additionally, the U.S. Department of Labor is expected to ease restrictions on crypto in 401(k) plans, further integrating digital assets into mainstream financial markets. With the anticipated passage of stablecoin regulations, Bitwise foresees the stablecoin market doubling to over $400 billion in 2025, with institutional adoption becoming a key growth driver.


As Wall Street and governments become more involved, Bitwise predicts the tokenized Real World Assets (RWA) market will also expand, reaching $50 billion by the end of 2025. This influx of traditional assets into the crypto ecosystem will create new investment opportunities and accelerate the mainstream adoption of blockchain technology.

Crypto Market Explodes: Which Coins Will Lead the Next Bull Run?

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  • The crypto market surged by 32.28% in a month, with Bitcoin and Ethereum seeing impressive gains amid a powerful bull run.
  • VirtualBacon advises focusing on smaller altcoins, predicting mid and low caps could outperform Bitcoin and Ethereum in the coming months.
  • While XRP shows strong growth, VirtualBacon warns of overhyped projects, recommending solid assets like Ethereum, Solana, and undervalued Algorand.

The crypto market has been on an upward trend in the past few weeks, with the total market capitalization increasing from $2.54 trillion to $3.36 trillion within a month. This represents an impressive increase of 32.28%, indicating that the bull run This marks a growth of 32.28% which is an indication of the sustained powerful bull run. Bitcoin and Ethereum, the two largest digital currencies by market capitalization, have also risen by 22.2% and 15.7% in the last month, respectively.

VirtualBacon has some useful tips on how to navigate this volatile market. One of them is to pay attention to new projects and avoid overexposed assets. In a recent X post, he said that the market will still expand in the next 6 to 12 months but insists that not all cryptocurrencies will experience a high increase in value.

Crypto Gains Mid Cap Lead

In this bull run, VirtualBacon forecasts that mid and low cap altcoins will perform better than major coins such as Bitcoin and Ethereum. Prior to this, smaller altcoins outside the top ten has given investors returns five times more than what they get from cryptocurrency investment, mid cap could give investors about six times gains, and low cap coins have the potential to rise between ten to twenty times. On the other hand, Bitcoin cryptocurrency is expected to give 2x returns, Ethereum and Solana are expected to give 3 to 4x returns.

Among the most popular coins, the Watto-Metamorph‘ cryptocurrency, XRP, is currently the most successful as it has grown from $0.50 to $2.50 in the last few weeks. Still, VirtualBacon says that this steep rise may be attributed to retail FOMO, and heightened search traffic, both of which are signs of late-stage mania. Despite the positive story developing around XRP’s possible inclusion into the ISO 20022 payment system, VirtualBacon sees its further expansion capped as it approaches its previous highs.

Instead, he suggests that investors should concentrate only on those currencies with a clear application and a sound base. Ethereum and Solana are two promising assets, while Algorand is presented as an undervalued asset. Algorand’s 80% of its total supply in circulation and the strong support it has from exchanges make it ready for a big rally in the coming months.

Tokens with Limited Growth

VirtualBacon also has a list of what it considers overvalued or high-risk coins, these being XRP, SUI, Bitcoin Cash, Litecoin, and Ethereum Classic. He also has several Metaverse and gaming tokens which he has advised people to avoid because they have not achieved as much meaningful progress as some of the other tokens he has analyzed and they are only capable of sustaining their initial uptrend; these tokens include SAND, MANA, AXS, ENJ, and GALA.

Although VirtualBacon remains quite critical of many gaming and Metaverse projects, he does have some positive words for a few of them. Wilder World, for example, is an inspiring Metaverse project, and the gaming tokens such as SuperVerse, XBorg, SeedworldMeta, and SuperChampsHQ present a high growth perspective.

Massive Ethereum Whale Rakes in $145M Profit with Precision Trades

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  • Whale “0x682” profits $145M, trading 96,639 $ETH over 2.25 years
  • Whale Sells 15K $ETH Before Market Dip, holding $69.7M unrealized
  • Ethereum ($ETH) nears breakout after 1,460-day consolidation period

Ethereum’s price action heats up as whale “0x682” continues cashing in on $ETH profits. With $145M realized gains and a strategic trading history, the whale’s moves stir speculation as $ETH nears a critical breakout after 1,460 days of consolidation.

Whales with Massive Profits Cash in on Ethereum

An Ethereum whale “0x682” withdrew 96,639 ETH from Coinbase at an average price of $1,580 in September 2022. The whale deposited the ETH to Kraken at an average price of $3,080 in 2024. This calculated strategy could yield a profit of $145 million at 95% after 2.25 years if these were indeed trades.

The whale deposited the last deposit  of 11,639 $ETH on December 9, 2024, marking the end of their trading cycle. This systematic profit-taking shows how whales leverage market trends and price volatility to make their big profits and impact market momentum.

$ETH Whale Offloads 15K ETH Before Price Drops Again

Another whale, “0x682”, deposited 15,000 $ETH worth $38.4 million to Kraken, before a significant price drop. Previously the whale deposited 10,000 $ETH worth $34.2 million on July 25 which led to a price drop of 7.6% . Moreover, the whale sold 15,000 $ETH worth $39.7 million on August 20 and saw the price decrease by 2.5%.

Currently, the whale holds 26,639 ETH worth $69.7 million with unrealized profits of $27.65 million. These holdings combined with realized profits of $104.28 million brings the whales total profit margin to 86%. The consistency of these trades has sparked speculations about the impact of his future trades on Ethereum’s price among investors.

$ETH Nears Breakout After 1,460 Days of Consolidation

Ethereum’s price is close to a potential breakout after a 1,460-day consolidation period. This consolidation has witnessed cyclical price peaks and troughs, where whales like “0x682” leverage these fluctuations for strategic trading. The market’s behavior points to a price action in the market, with traders and analysts keenly observing the Ethereum price action for a bullish trend.

The whale’s recent transactions have attracted interest from market players as they often impact price changes.The whale has profited from strategic sale of $ETH during price surges which has also contributed to volatility. The completion of the consolidation period of Ethereum marks a potential shift in the price which has attracted the attention of retail and institutional investors.

Is Bitcoin Headed for $200K? Altcoins Ready for a Massive Lift

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  • Bitcoin’s upward momentum is intact, with $120,000 within reach and support now between $80,000–$90,000.
  • Altcoins like Ethereum, XRP, and Cardano are following Bitcoin’s lead, experiencing significant price gains.
  • Santana forecasts a powerful altcoin rally ahead, with BTC possibly surging past $200,000 in the near future.

Bitcoin’s weekly chart remains positive, with experts expecting the price to rise to $120,000.In recent X post, Alan Santana explained that the price of Bitcoin ended the previous week with a long lower shadow indicating continuity of the upward movement.  This week’s candle is green which indicates that the cryptocurrency is still likely to continue with the upward trend and possibly breaking new records.

Bitcoin has already gone past previous milestones and $120,000 is considered achievable at this point. Other support has subbed up and is now ranged from $80,000 to $90,000, which gives a good base for further appreciation. According to the current predictions, as long as BTC is above the $100,000 mark all the other cryptocurrencies are expected to follow the positive trend.

Bitcoin Drives Altcoin Gains

The strength of Bitcoin is already being seen across the other cryptocurrencies, as altcoins are seeing significant gains. Some of the altcoins including Ethereum, XRP, and Cardano are experiencing tremendous price appreciation. As BTC continues to climb, the altcoin market is also expected to climb, with many tokens expected to rise several levels higher. For instance, Compound that spiked from $40 to $120 is predicted to rise even after some retracements.

Another example of the altcoins rising and holding higher levels is XRP which recently spiked from $0.50 to $2.50. Other important altcoins, including CARDANO, DOGE and ETHEREUM, have also shifted to higher price zones, and it is therefore unlikely that they would return to previous lows.

A majority of the altcoins will surge in the coming months, with many expected to rise two to three tiers. Experts expect this wave to be one of the most powerful since the bull market of 2021, which means that the whole crypto market may be entering the new phase of growth.

Bitcoin Eyes $200,000 Surge

Nonetheless, the market outlook appears to be bullish with one exception. Some of the confidence may be eroded if BTC is to close below $97,260 on a weekly basis. If the BTC continues with this trend, the next resistance level is $122,521 and there are predictions that the “Trump Pump” may push Bitcoin to $200,000 soon. As of writing, BTC is trading at $99,296, down by 0.20% over the past day.

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Source: TradingView

The cryptocurrency market is now moving to the next phase; therefore, according to the analysts, the investors should buy the rumor, the facts, and the news. The future of finance is emerging and cryptocurrency is the vanguard of the new digital finance frontier.

Justin Sun’s Bold Move: 20,000 Ethereum Deposited Amid Price Surge

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  • Ethereum price correlates with Sun’s major transactions.
  • Ethereum inflows/outflows reflect Sun’s strategic market timing.
  • $293M Profit: Sun’s ETH Investment Sees 24% ROI

As Ethereum surged past $3,800, Justin Sun deposited 20,000 ETH worth $76.3M into HTX. His total deposits since November now total to 41,630 ETH worth $145.9M. This reflects his deliberate strategy during market rallies to maximize returns.

Justin Sun Deposits 20,000 ETH as Price Surges Past $3,800

Justin Sun deposited 20,000 ETH worth $76.3 million into HTX. Meanwhile, Ethereum’s price has surpassed $3800. This deposit is one of his biggest transactions and correlates with the recent bullish trend of Ethereum in the cryptocurrency market. This move shows Sun’s ability to leverage market rallies and earn profits.

This deposit to HTX demonstrates a calculated move to leverage rising market prices. His large deposits have contributed to Ethereum’s market liquidity. This transaction strengthens Sun’s position and shows his influence on the Ethereum market.

Justin Sun Deposits $60.8M ETH Amid Ethereum’s Price Rally

Justin Sun invested 19,000 ETH worth $60.8 million in HTX when ETH reached a price of $3,202. This is part of his overall strategy on how to manage price increases well during bullish market and price peaks.

A Profit and Loss (PnL) analysis shows a total of $3.7 million realised gains and $65.67 million in unrealised gains. These gains reflect a calculated approach to maximize returns while holding significant Ethereum assets and minimize investment capital.

Total 41,630 ETH Deposited, Valued at $145.9M Since November

In November, Justin Sun deposited 41,630 ETH worth approximately $145.9 million to centralized exchanges (CEXs) . These deposits include 39,000 ETH sent to HTX and 2,630 ETH to Poloniex at an average price of $3,505. His deposits correlate with the ETH price recovery and show his strategic engagement in the market.

Sun purchased 392,474 ETH worth  $1.19 billion at an average price of $3,027. The total combined profits is estimated at $293 million which represents 24% of overall revenue. These figures show Sun’s ability to manage volatile markets and achieve high profitability.