Sun Brother Makes a Big Profit Again! On March 13th, he pledged 120,000 ETH to ether.fi. Three days later, ether.fi announced the airdrop inquiry, and Sun Brother’s address was eligible to receive up to 3.45 million $ETHFI tokens in the airdrop, worth up to $17.25 million.
(Previous summary: Sun Brother invested £662 million in the “Repledge Track”! Community laments: Do all whales do airdrops like this… )
(Background information: Sun Yuchen re-pledged 120,000 ETH to ether.fi! Digging Ethereum’s Repledge Track)
Tron founder Sun Yuchen (Sun Brother) invested a large amount of money in the LRT “Liquidity Repledge Token” track last month. At that time, he pledged up to 58,000 stETH to Puffer Finance, with a total value of approximately $141 million, becoming the champion of the protocol in terms of points. In addition, he also deposited 104,001 stETH to EigenLayer, worth approximately $253 million.
Then, Sun Brother went even further by launching a new coin mining project on Binance, ether.fi (LRT track). On March 13th, he pledged 120,000 ETH to the protocol, worth about $480 million… In just three days, he made a profit of $17.25 million.
Shortly after, on March 16th, ether.fi announced its airdrop inquiry website. According to the website data, Sun Brother’s address is eligible to receive up to 3.45 million $ETHFI tokens in the airdrop. Currently, on the off-market Whales Market, the price of $ETHFI is about $5 per token. Based on this calculation, the value of the airdrop Sun Brother received in these three days amounts to $17.25 million.
Sun Brother’s address received 3.45 million ETHFI tokens in just three days | Source:余燼
Sun Brother already occupies 3.45 million out of the initial 60 million tokens airdropped by ether.fi, causing dissatisfaction among the ether.fi community and early supporters. In response to this, Mike Silagadze, the founder of Ether.Fi, responded to community members’ concerns about Sun Yuchen’s airdrop on the Discord platform. He stated that to express gratitude to community members, Ether.Fi will conduct more token airdrops.
At the same time, he also came forward to defend Sun Brother, believing that Sun Brother’s actions are beyond reproach. He stated that according to data from DeFi Llama, with the support of the EigenLayer repledge protocol, Ether.Fi’s total locked value is approximately $2.9 billion, which is more than twice the value of its competing projects in the track.
In the meme coin frenzy, Sun Brother revealed: “I don’t want to work hard anymore…”
On the other hand, seeing the rapid rise of Solana’s memecoin $BOME in just three days, Sun Brother also shared his thoughts on the X platform, showing a comparison chart between “value coins” and “meme coins.” Compared to value coins that require development, project cooperation, and regulatory avoidance to achieve slight price increases, meme coins only need “pump and dump.”
Although it cannot be confirmed whether Sun Brother has caught the wave of Solana’s memecoin surge this time, he admitted that he saw this wave:
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