Founder of Tron network Justin SunRecent on-chain data has revealed its investment in the Lido Staked ETH asset. Sun is on the liquid staking platform “Lido Finance” ahead of the Shanghai Update expected to be completed in March. Ethereum continues to stake.
According to on-chain data shared by OKLink on February 27, Justin SunTwo addresses starting with 0x176F and 0x611F attached to became the 5th and 6th largest stETH holders, respectively.
Justin Sun started staking more than 88,000 Ethereum on Lido via 0x611F today, making him one of the largest holders. Koinfinans.com As we previously reported that Justin Sun has staked over 200,000 ETH via 0x176F. Personal staked ETH 300k Lido staked ETH (stETH), which is worth about $500 million.
Recent developments show that Justin Sun is expecting a rise with the Ethereum Shanghai upgrade. Sun is staking a large amount of ETH to take advantage of this opportunity. In fact, the amount staked continues to increase overall as the Shanghai upgrade approaches. Justin Sun continued to deposit ETH on Lido throughout the weekend.
The Amount of Ethereum Staked Increases
According to on-chain data, more than 17.27 million Ethereum tokens worth $28.67 billion have been staked on the Beacon Chain. While increased ETH staking on the Beacon Chain is showing signs of network security and adoption, core developers need to enable withdrawals to maintain stability in the network.
According to Nansen data, the number of unique stakers is around 97,200. Data from BeaconScan shows that the number of active validators has increased to 528,934.
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