Summary
- Wu Blockchain reported that Justin Sun has newly deposited Ethereum worth $230 million into Aave.
- As a result of this transaction, Justin Sun’s address now holds Ethereum worth $630 million combined in Lido and Aave.
- It was explained that both Lido and Aave are Ethereum-based decentralized lending protocols.
Justin Sun, the founder of TRON (TRX), made a new deposit of Ethereum (ETH) worth $230 million (approximately ₩320 billion) into the decentralized lending protocol Aave.
Wu Blockchain reported on the 27th (local time), citing data from the DeFi data platform DeBank, "Justin Sun’s address withdrew 60,000 Ethereum from Lido on this day and then deposited them into Aave." Both Lido and Aave are decentralized lending protocols built on Ethereum.
Wu Blockchain said, "The total value of this transaction reaches $226 million," and added, "The address currently holds Ethereum worth $630 million combined in Lido and Aave."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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