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TRON Founder Justin Sun Makes Headlines with Distribution of 190,000 ETH”

tron founder justin sun makes headlines with distribution of 190,000 eth"

According to a study conducted last week in the United States, it was revealed that the budget spent on stakes will increase by 146% overall in 2023. Accordingly, many authorities are starting to realize that coins, especially Bitcoin and Ethereum, are gaining confidence. One example of this came from TRON Founder Justin Sun. 

Trusted By LIDO

Tron creator Justin Sun transferred 190,000 ETH to Lido today. The 190,000 ETH transaction gave Lido the largest daily ETH inflow in history and clearly announced a new website.

Lido Finance, a protocol that offers returns with Ethereum, announced the largest daily ETH inflow to the system. According to the company’s Twitter account, more than 150,000 ETH were transferred to Lido. Six hours after the initial transactions, another 40,000 ETH were transferred from a single wallet, bringing the total to 190,000 ETH.

tron founder justin sun makes headlines with distribution of 190,000 eth"

The Largest Entry by a Single Person Justin Sun

This transaction of around 300 million ETH was made by Justin Sun, the creator of Tron. Sun ultimately delivered exactly 190,100 ETH to Lido. The wallet controlled by Justin Sun, where the transfer took place, contains more than $400 million in cryptocurrencies. Of that, $300 million is ETH won through gambling, while the remaining $50 million consists of more than $33,000 in ETH and USDT and USDC locked in Aave.

How Much Profit Can You Make With Lido?

At the time of publication, the annual return on an investment in Ethereum was 4.9%. If you use Justin Sun’s example, the annual return for 190,000 ETH would be about 9,300 ETH. This gives a return of $14,500,000 at current prices.

At 11:50 a.m., Ether, the second largest cryptocurrency by market cap, was worth $570,000. Unfortunately, it is not possible to give a clear answer to this question. After a year, ETH can increase by more than 50% compared to the current price. However, in the opposite case, the price can also fall quickly. We will have to wait and see.

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