Posted 3/14/2024, 3:52:00 PM
Justin Sun Deposits $480M in ETH into Liquid Staking Protocol Ether.Fi
- Justin Sun deposited $480M worth of ETH (120,000 ETH) to liquid staking protocol Ether.Fi
- The ETH was acquired in February when prices were around $2,800 per ETH
- Ether.Fi has nearly $3 billion in total value locked ahead of its governance token release
- The wallet withdrawing the ETH from Binance began in February when ETH prices were lower
- Justin Sun is active in DeFi, having helped stabilize Curve Finance last year with a $2.3 million CRV token purchase
