Justin Sun subject to $280M in unrealized losses due to ETH's plunge on August 5

Tron founder Justin Sun is currently subject to around $280 million worth of unrealized losses as ETH plunged by 20% on Aug. 5, on-chain data analytics platform Spot On Chain reported via X. Since Feb. 8, Sun has reportedly amassed a total of 377,590 ETH ($1.15 billion) through three wallets, with an average buying price of $3,051, according to the post. Despite this, Sun's ETH positions have not yet been liquidated. The data from CoinMarketCap shows that ETH is trading at $2,312.46 at the time of writing, down 20.57% over the last 24 hours.