Justin Sun Allegedly Purchases $167 Million of LRT PT Tokens within 4 Days
CryptoNewsTerminal Staff07 Jun, 2024
Justin Sun Allegedly Purchases $167 Million of LRT PT Tokens within 4 Days
Justin Sun, the notable founder of TRON, has reportedly made substantial purchases of three types of LRT PT tokens in the past four days. According to MesserCN, Sun's estimated address has acquired 44,000 ETH, roughly equivalent to $167 million. Just 9 hours ago, the address used 11,000 ETH ($41.94 million) to purchase three types of LRTs (liquidity restaking tokens) and PT (Principal Tokens), set to mature in 27 days. The address specifically purchased 5,000 ETH each of weETH and PT-pufETH and 1,000 EH of PT-rsETH. These tokens are expected to yield a return of 419 ETH ($1.6 million) upon maturity.
