From Borrower to Believer: Justin Sun's $150M Ethereum Pivot
Justin Sun is telling the market a story, and he's using $154 million to do it. The Tron founder has just executed a strategic pivot that has the crypto world buzzing: he's moved a colossal 45,000 $ETH
from the Aave lending market directly into Lido's staking protocol.
This isn't just a simple transfer; it's a change in investment thesis. By pulling funds from $AAVE
, Sun is moving away from using his ETH as collateral for loans (a short-to-medium-term strategy) and instead is choosing to lock it up for staking rewards. This is a classic "diamond hands" move, indicating he's bullish on Ethereum's long-term prospects and is comfortable with his capital being illiquid to generate passive yield.
The plot thickens when looking at his overall portfolio. Sun's public Ethereum stash now stands at a towering $534 million, officially outweighing his $519 million holdings in $TRX
. When the founder of a major blockchain like Tron holds more ETH than his own native token, it's a powerful statement that cannot be ignored.