Justin Sun stakes $154M in Ethereum —Now holds more ETH than TRX
Key Takeaways
How a lot Ethereum did Justin Solar stake?
Justin Solar withdrew 45,000 ETH from Aave lending protocol and instantly deposited it to Lido liquid staking on 5 November.
Does Justin Solar maintain extra ETH than TRX now?
Sure. Solar’s public wallets present $534 million in Ethereum holdings [primarily staked as STETH] in comparison with $519 million in TRX.
Tron founder Justin Solar executed an enormous contrarian commerce on 5 November, withdrawing $154.5 million in Ethereum from Aave and instantly staking it via Lido, following the market crash.
The transfer pushed his whole Ethereum holdings to $534 million, surpassing even his TRX holdings.
Suns bets large on Ethereum
Portfolio information from Arkham reveals that Solar now holds $534 million in Ethereum, versus $519 million in TRX, Tron’s native token.
The founding father of certainly one of crypto’s largest blockchains holds $16 million extra in a competing platform than his personal creation.
The shift alerts conviction in Ethereum’s long-term prospects. Staking locks ETH for yield era, sometimes incomes 3-4% yearly.
Not like easy holding, staking represents a dedicated, bullish place that requires lock-up intervals.
Shopping for the dip at scale
Solar’s timing stands out. He moved $154.5 million into Ethereum staking as ETH crashed 12% to $3,166 and crypto markets misplaced $230 billion in 48 hours.
Whereas retail merchants panicked, Solar collected. As of this writing, ETH has recovered and now trades round $3,400.
The whale selected Lido over direct Ethereum staking, receiving liquid STETH tokens that may commerce or function DeFi collateral whereas incomes staking rewards. This flexibility lets him keep capital effectivity regardless of the lock-up.
The billion-dollar portfolio
Arkham Intelligence information reveals Solar’s full holdings exceed $1.76 billion throughout a number of property.
Past his dominant Ethereum and TRX positions, he holds $439 million in Bitcoin, $98.6 million in Aave-wrapped ETH, and notably $67 million in WLFI—Trump’s World Liberty Monetary token.
Staking on the backside
Glassnode information reveals why Solar’s timing is exceptional. New Ethereum staking exercise collapsed from 250,000-325,000 each day deposits in August to round 9,000 by early November.
Supply: Glassnode
Solar’s 45,000 ETH stake occurred exactly when staking participation hit multi-month lows.
This sample mirrors traditional backside formation. In August, whales staked aggressively as ETH climbed towards $5,000.
By November, staking dried up as the worth fell to $3,166; but, that is traditionally when contrarian positions repay.
The declining participation additionally improves provide dynamics. Much less new staking means decreased future promote strain from validators.
