- Justin Sun staked 60,000 ETH on Lido, securing an annual yield of 1,740 ETH.
- His on-chain portfolio is valued at $1 billion, with major holdings in TRX and stETH.
- Sun’s move has reignited Ethereum optimism, with speculation about a potential market breakout.
Tron founder Justin Sun has made another big play in the crypto world, this time staking 60,000 ETH—worth around $114.56 million—on Lido, the largest liquid staking protocol. In return, he stands to earn 1,740 ETH in yearly yield, as long as his stake remains intact.
On-chain intelligence platform Arkham flagged the transaction, revealing that Sun received 60,000 stETH, the liquid staking derivative token for ETH. Unlike traditional staking, stETH allows Sun to trade or stake further, compounding potential rewards.
The Bigger Picture: ETH’s Underperformance and Lido’s Role
Lido, one of the most popular liquid staking platforms, currently offers an APR of 2.9% and holds $17.5 billion in total staked funds. Sun’s move comes at a time when Ethereum has been struggling, failing to show any major price action over the past year. Despite its reputation, ETH has lagged behind other assets, leaving investors frustrated.
According to Arkham’s data, Sun’s on-chain portfolio sits at around $1 billion, with his largest holdings in TRX and stETH. Over the past two years, he has staked thousands of ETH through Lido, and his stETH holdings now total 167,670, worth approximately $314 million.
A Strategic Move or a Timely Gamble?
Some crypto analysts speculate that Sun’s move signals confidence in Ethereum’s long-term potential. Could he be positioning himself ahead of a bullish breakout? Many believe ETH’s staking ecosystem will become even more important as demand for decentralized finance (DeFi) infrastructure grows.
His investment has also reignited optimism within the Ethereum community, with some seeing it as a sign that ETH is far from done. Whether this is a long-term power move or just another calculated bet remains to be seen—but one thing is clear: Justin Sun knows how to make waves in the crypto market.
