Tron founder’s major move signals confidence in Ethereum staking and highlights the growing appeal of liquid staking platforms.
Key Takeaways
- Justin Sun staked $154.5 million worth of Ethereum on the Lido protocol.
- Sun’s Ethereum holdings now surpass his TRX holdings according to blockchain analytics.
Tron founder Justin Sun withdrew around 45,000 Ethereum worth over $154 million from decentralized lending platform AAVE and deposited the tokens to Lido Staking on Wednesday, according to data tracked by blockchain analytics firm Arkham Intelligence.
The crypto entrepreneur has $534 million of Ethereum in his public wallets, exceeding his holding