Justin Sun Stakes $154M in Ethereum – Now Holds More ETH Than TRX

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Key Takeaways

How much Ethereum did Justin Sun stake?

Ah, Justin Sun, the man with a penchant for drama, withdrew 45,000 ETH from the Aave lending protocol and, with a flourish, deposited it into Lido’s liquid staking on 5 November. A true financial performance worthy of a standing ovation.

Does Justin Sun hold more ETH than TRX now?

Indeed, dear reader! Justin’s public wallets show he now holds $534 million in Ethereum (mostly staked as STETH) and a mere $519 million in TRX. Who would have thought? His own creation seems to be taking a backseat in his portfolio. 😂

Ah, the subtle art of a contrarian trade: Justin Sun, on 5 November, withdrew a staggering $154.5 million in Ethereum from Aave, only to stake it through Lido, mere moments after the crypto market decided to throw a tantrum. A spectacular move that propelled his Ethereum holdings to a princely sum of $534 million. Yes, you read that right-more than TRX. Shocking, I know.

Sun Bets Big on Ethereum

According to portfolio data from Arkham, it appears that Sun now holds $534 million in Ethereum-outpacing his $519 million in TRX, the native token of his own blockchain. A delightful plot twist in the saga of Sun’s portfolio, where he holds $16 million more in a rival platform than his own brainchild. 💸

This shift, of course, signals a deep conviction in Ethereum’s long-term future. Staking, for those who haven’t been paying attention, locks up Ethereum to earn a 3-4% annual yield. A little commitment, but then, what is a billionaire to do? Staking is the grown-up version of putting your money where your mouth is. 🧐

Buying the Dip at Scale

Now, here’s where it gets good. Sun, in a move that screams “I’m smarter than you” (but in the best way), transferred $154.5 million into Ethereum staking as ETH dropped by 12%, plummeting to $3,166 while the entire crypto market lost a shocking $230 billion in 48 hours. Meanwhile, the rest of the world panicked, Sun just kept stacking. 🤑

As of now, ETH has rebounded to around $3,400. What a time to be alive! And instead of simple staking, Sun opted for Lido’s more flexible staking option, receiving liquid STETH tokens. The beauty of this is that he can trade or use them as DeFi collateral while still earning staking rewards. Capital efficiency at its finest-take notes, folks. 📈

The Billion-Dollar Portfolio

According to Arkham Intelligence, Justin’s entire portfolio now exceeds a cool $1.76 billion across a variety of assets. But wait, there’s more: in addition to his mighty Ethereum and TRX positions, he holds $439 million in Bitcoin, $98.6 million in Aave-wrapped ETH, and, for the true connoisseur of eccentric investments, $67 million in WLFI-Trump’s World Liberty Financial token. Ah, the taste of a diversified portfolio. 🥂

Staking at the Bottom

Here’s the cherry on top. Glassnode data reveals that new Ethereum staking activity had collapsed from 250,000-325,000 daily deposits in August to a mere 9,000 by early November. And yet, at this precise moment of market apathy, Sun decided to stake 45,000 ETH. Classic contrarian move. 😎

Why, you ask? Because this, dear reader, is when the truly wise make their move. When everyone else is selling, the smart money is staking. The fact that staking dried up just as Ethereum’s price tumbled to $3,166-well, that’s when the biggest fortunes are made. It’s almost as if he has a sixth sense for these things. 🔮

And as a bonus, the declining staking participation means there will be less selling pressure from validators in the future. So, while everyone else frets, Sun stands poised to profit when the dust settles. And settle, it surely will. 🏆

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2025-11-06 02:57