Justin Sun, the founder of Tron (TRX), clarified that the recent rumors of selling Ethereum (ETH) are not true.

On the 24th, Justin Sun stated on X (formerly Twitter), “There are rumors spreading that we have sold all of our Ethereum, but this is not true.”

He added, “(The movement of funds) is simply a transfer of Ethereum between different wallets,” and “We have a long-term positive outlook on the Ethereum ecosystem.”