Justin Sun stakes over $150 million in Ethereum
Crypto Briefing
Tron founder Justin Sun staked $154.5 million in Ethereum on the Lido protocol, exceeding his TRX holdings.Summary
Tron founder Justin Sun recently moved approximately 45,000 Ethereum, valued at over $154 million, from the AAVE lending platform to the Lido liquid staking protocol. This deposit is noted as one of the largest institutional staking moves on the Ethereum network recently. Following this transaction, Sun's public wallets now hold $534 million in Ethereum, surpassing his $519 million in TRX holdings. Lido is a liquid staking solution that issues derivative tokens, allowing users to maintain liquidity while staking their ETH. This move signals Sun's confidence in Ethereum staking and the utility of liquid staking platforms.
(Source：Crypto Briefing)