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Justin Sun's Ethereum holdings are about to break through 700,000

Justin Sun's Ethereum holdings are about to break through 700,000

Bitget2024/07/14 05:08

BlockBeats reports that on July 14, according to EmberCN monitoring, from December 26, 2023 until now, Justin Sun's associated addresses have bought approximately 421.8 thousand ETH (about $1.267 billion) through five addresses in this bull market round at an average price of about $3006.

Adding the previously held amount, Justin Sun currently holds a total of around 698.7 thousand ETH (approximately $2.215 billion) across multiple addresses. The vast majority (646.9 thousand) is deposited on various staking/re-staking platforms to earn income.

The interest earned daily from these 646.9 thousand ETH staked/re-staked for income on platforms is as high as $180k per day (56.7 ETH), even if calculated at the current annualized rate of Ethereum PoS staking at 3.2%.

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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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