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Home » Sun Brother invests 662 million pounds in the “Re-Pledge Racetrack”! Community sighs: Do giant whales always make empty airdrops like this?
DeFi

Sun Brother invests 662 million pounds in the “Re-Pledge Racetrack”! Community sighs: Do giant whales always make empty airdrops like this?

By adminFeb. 9, 2024No Comments2 Mins Read
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Sun Brother invests 662 million pounds in the "Re-Pledge Racetrack"! Community sighs: Do giant whales always make empty airdrops like this?
Sun Brother invests 662 million pounds in the "Re-Pledge Racetrack"! Community sighs: Do giant whales always make empty airdrops like this?
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Blockchain analyst monitoring found that Sun Yuchen, the founder of Tron, recently seized the opportunity in the LRT “liquidity re-pledge token” race and invested a total of 271,328 stETH, with a total value of up to 662 million US dollars.

As the first native liquidity pledging protocol on the Eigenlayer platform, Puffer Finance not only makes re-pledging on Eigenlayer easier, but also allows anyone to operate Ethereum’s PoS validator, while enabling investors to receive airdrop rewards in the Puffer Finance protocol.

It is worth mentioning that according to the data monitored by the on-chain analyst @ai_9684xtpa, Sun Yuchen recently seized the opportunity in the LRT “liquidity re-pledge token” race and made a large-scale pledge to Puffer Finance in the past 10 hours.

Currently, Sun Yuchen’s address 0x176…0a132 has pledged up to 58,000 stETH to Puffer Finance, with a total value of approximately 141 million US dollars, becoming the “score champion” of the protocol, which made the community marvel: Does Sun Yuchen even empty the airdrops like this…


Sun Yuchen becomes the score champion of Puffer Finance
Sun Yuchen has invested a total of 662 million US dollars

Moreover, Sun Yuchen also deposited 104,001 stETH into EigenLayer, with a value of approximately 253 million US dollars. As of now, Sun Yuchen has participated in ReStaking through his three different addresses, with a total investment of 271,328 stETH, with a total value of up to 662 million US dollars. Such a huge amount of pledge also demonstrates Sun Yuchen’s confidence in this race.


Sun Yuchen continues to invest in the liquidity re-pledge race
ether.fi temporarily occupies the throne of the LRT race

Currently, according to Dune data, ether.fi has the largest share in the LRT race, with a lock-up of up to 348,000 ETH, accounting for 34.6% of the market share. The next is Puffer Finance, which Sun Yuchen recently invested in, with a lock-up of 255,000 ETH, accounting for 31.2%.


Dune

Related reports
Building Bitcoin DeFi Ecology: What is Core Network? Token Economy, Features, and Pledge Analysis
MetaMask launches ETH pledging service! Entering the LSDFi market but charging a hefty 10% fee
Multichain pledging facility Stader Labs, can it enjoy the benefits of the Ethereum ecosystem?

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