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2h ago

Justin Sun Stakes $154 Million in ETH on Lido, Overtaking His TRX Holdings

The Tron founder used Lido’s liquid staking to keep tradable exposure during a market pullback.

Justin Sun stakes $154M in Ethereum —Now holds more ETH than TRX
Justin Sun stakes over $150 million in Ethereum

Overview

  • Sun withdrew about 45,000 ETH from Aave and deposited it to Lido for staking, according to Arkham Intelligence.
  • Arkham-tracked wallets now show $534 million in Ethereum for Sun versus $519 million in TRX.
  • Crypto Briefing characterizes the transaction as one of the largest Ethereum staking deposits in recent months.
  • Lido’s stETH lets Sun earn staking rewards while retaining a token that can be traded or used as DeFi collateral.
  • The move was executed as ETH slid roughly 12% to near $3,166 earlier in the week before recovering to around $3,400, per market data cited in the reports.