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Justin Sun spent 15,000 ETH to buy 2 LRT PT tokens expiring on June 27

Justin Sun spent 15,000 ETH to buy 2 LRT PT tokens expiring on June 27

CointimeCointime2024/06/05 01:37
By:Cointime

According to blockchain analyst Yu Jin has monitored that Justin Sun spent 15,000 ETH (57.3 million US dollars) to buy PT tokens for two LRTs expiring on June 27:

· 10,000 ETH bought 10,097 PT-weETH (1:1 exchange for weETH expiring on 6/27);

· 5,000 ETH bought 5,031.1 PT-pufETH (1:1 exchange for pufETH expiring on 6/27).

Currently, Justin Sun has spent a total of 33,000 ETH buying PT tokens for LRTs expiring on 6/27 in Pendle over the past two days, which will yield approximately 348.9 ETH (1.33 million US dollars) in profits upon expiration.

In just over 20 days, investors can earn a coin-based return of 1% (annualized at about 17%).

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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