Justin Sun, the founder of Tron (TRX), has responded to recent rumors about the sale of Ethereum (ETH), stating that they are baseless.

Sun explained that the movement of Ethereum funds is simply a transfer between different wallets and not a liquidation of assets. He expressed his optimistic long-term view of the Ethereum ecosystem and reaffirmed his commitment to the platform amidst the circulating speculation.

This clarification comes at a time when market participants are closely monitoring developments in the cryptocurrency space.