B.TOP founder Jiang Zhuoer says he sold 50% of spot ETH at $1,629
The sale came after he bought back Ethereum on June 5, citing expectations that U.S.-Iran tensions will escalate and lead to new strikes on Iranian infrastructure.
ETH
Fact Check
The claim is directly confirmed by the primary source: Jiang Zhuoer's own X post (@Jiangzhuoer2, 江卓尔_莱比特矿池) explicitly states he sold 50% of spot ETH at $1,629 after buying back ETH on June 5, citing expectations that Trump will strike Iranian infrastructure and the U.S.-Iran conflict will escalate. The separate June 5 post confirms the $1,645 buyback. Two independent aggregators (BlockBeats and PANews) report identically and cite the same original post. The only minor nuance is that the claim attributes him to 'B.TOP founder' while his account identifies him with 莱比特矿池 (BTC.TOP/Lubian/B.TOP mining pool), which is consistent. All factual elements are corroborated.
Summary
B.TOP founder Jiang Zhuoer said he sold 50% of his spot ETH holdings at $1,629 after buying back on June 5. He linked the move to his geopolitical outlook, saying that "Trump has no options left and will launch a new round of strikes on Iranian infrastructure," and that the U.S.-Iran conflict is likely to escalate further. The remarks point to macro and geopolitical risk as a trading driver for crypto positions, where investors sometimes cut exposure or take partial profits when they expect broader market volatility.
Terms & Concepts
- spot ETH: Ethereum held for direct ownership, not derivatives
- holdings: Assets an investor currently owns