Justin Sun Receives $470,000 ETHFI Airdrop

IconCryptoNewsTerminal Staff19 Jul, 2024

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Justin Sun Receives $470,000 ETHFI Airdrop

Justin Sun, the founder of the Tron blockchain, recently received an airdrop of 19,566 ETHFI tokens, worth approximately $470,000. The airdrop was part of Season 2 of the ETHFI token distribution. On June 17, Sun had deposited 3.45 million ETHFI tokens, worth $12.25 million, into a cryptocurrency exchange. He is also currently staking 63,889 ETH, worth $223 million, on the EtherFi platform. The ETHFI token is a decentralized finance (DeFi) token that is used to power the EtherFi lending and borrowing platform. The platform allows users to lend and borrow cryptocurrencies in a decentralized manner. Sun's receipt of the ETHFI airdrop is a sign of his continued interest in the DeFi space. He has been a vocal supporter of DeFi and has invested in several DeFi projects. The airdrop is also a sign of the growing popularity of DeFi. The DeFi market has grown rapidly in recent months, and there are now a number of different DeFi platforms available.

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