Derived from AMBCrypto, Tron founder Justin Sun staked $154.5 million in Ethereum on 5 November, withdrawing 45,000 ETH from Aave and depositing it into Lido liquid staking. His Ethereum holdings now total $534 million, surpassing his $519 million in TRX. The move occurred during a 12% ETH price drop and a $230 billion crypto market loss in 48 hours. Portfolio data from Arkham shows Sun's total crypto holdings exceed $1.76 billion, including $439 million in Bitcoin and $67 million in WLFI. The timing aligns with a sharp decline in Ethereum staking activity, suggesting a contrarian bullish position.
Justin Sun Stakes $154M in Ethereum, Surpasses TRX Holdings
AMBCryptoShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.