Crypto Blog
Blockchain entrepreneur Justin Sun has emerged as the largest Ethereum pledger, committing over 282,796 ETH, approximately equivalent to $439 million.On Oct. 12, the founder of Tron moved 4,500 ETH from the Huobi exchange to stake it on the Lido platform. Over the past week, Sun applied to withdraw 80,251 ETH and transfer it to Lido, according tofrom Crypto tracker Lookonchain. He has already deposited 43,000 ETH on Binance. In addition, he staked 5,000 ETH into Lido.
Out of the total 137,325 ETH withdrawn by Sun in the past month, the Lido platform saw staking of 90,070 ETH , demonstrating Sun’s confidence in staking assets on Lido.offers an alternative to traditional Proof of Stake staking, enhancing the liquidity of staked tokens and making it more accessible for users. This move has raised speculation about whether Sun intends to completely divest his ETH stake, potentially leading to a significant price drop in the token.
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