Justin Sun makes a big bet on Ethereum, personal holdings have exceeded his own TRON tokens

Once again, a big player operates against the market! TRON founder Justin Sun borrowed 45,000 Ethereum from Aave yesterday and immediately deposited it all into Lido for staking. This amount is worth about $154 million; he didn't hesitate for a moment.

Interestingly, checking his public wallet reveals that the total value of Ethereum he holds has now reached $534 million, mainly in the form of staked STETH. Meanwhile, the value of his own TRON TRX tokens is $519 million. This means he has invested more money in Ethereum than in his own project, by $16 million.

This kind of operation actually illustrates a point. Generally, staking implies a medium to long-term bullish outlook, as funds need to be locked up for a period and are not as freely traded as usual. An annual return of 3% to 4% may not be high, but it expresses recognition of Ethereum's future value.

From my personal observation, the timing of Justin Sun's move is quite noteworthy. It coincided with a 12% drop in Ethereum's price and a market full of panic. Many retail investors might be selling at a loss, but he boldly entered the market. As a result, Ethereum's price has indeed rebounded from $3,166 to around $3,400 in the past two days; this operation is indeed impressive.

His choice of Lido is also quite particular. By staking this way, he receives STETH, which not only earns staking rewards but can also be used as collateral or traded in DeFi at any time, providing high liquidity, unlike direct staking which completely locks up the funds.

Looking at his overall holdings, Justin Sun's asset allocation is quite diversified. In addition to Ethereum and TRX, he also holds over $400 million in Bitcoin and some other tokens, with a total asset scale exceeding $1.7 billion.

From a market sentiment perspective, I found an interesting phenomenon: when Ethereum's price approached $5,000 in August, the number of new staking transactions exceeded 250,000 per day; whereas by early November, when the price dropped to over $3,000, new staking transactions were only around 9,000 per day. Justin Sun just happened to choose to enter the market when everyone was most hesitant, and this contrarian thinking is often the key to making money in investments.

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