Ah, the illustrious Justin Sun, the grand architect of the Tron blockchain, has decided to play a game of high stakes! With a flourish befitting a character from a Gogol tale, he has staked a staggering 60,000 ETH—yes, you heard it right, a princely sum of approximately $114.56 million—on the liquid staking protocol known as Lido. One can only imagine the dramatic flair with which he awaits his annual yield of 1,740 ETH, as if it were a long-lost relative returning from a distant land!
Our dear friends at Arkham, the onchain intelligence platform, have taken note of this grand transaction. They have reported that Sun has received 60k stETH, a liquid derivative token for ETH, which he can trade or stake further, as if he were a merchant in a bustling bazaar, seeking to multiply his riches! 💸
JUSTIN SUN STAKED $100M ETH TODAY
THIS WILL YIELD $3M OF ETH PER YEAR PASSIVE INCOME
— Arkham (@arkham) March 18, 2025
Lido, that ever-popular liquid staking protocol, offers a yield of 2.9% APR, a veritable feast for those hungry for passive income! With nearly $17.5 billion in total staked funds, it is the talk of the town, or perhaps the gossip of the marketplace! 🏦
However, this audacious move by our dear Tron founder has ignited a flurry of discussions about ETH, which has been languishing like a forgotten character in a play, underperforming and failing to capture the audience’s attention over the past year. Where is the drama, the excitement? One might ask!
According to the wise sages at Arkham, Sun’s onchain portfolio is now valued at a cool $1 billion, with his most prized possessions being TRX and stETH. Over the past two years, he has staked thousands of ETH on Lido, now holding a staggering 167.67k stETH, worth approximately $314 million. One can only wonder if he dreams of such riches at night! 🌙
Some observers, with a twinkle of hope in their eyes, suggest that Sun has discovered the opportune moment to acquire and stake ETH, as it may hold greater potential in the near future. This bold maneuver has rekindled the confidence of the Ethereum community, which collectively anticipates a brighter tomorrow for ETH. Let us raise a toast to the unpredictable world of crypto! 🥂
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2025-03-18 22:29