Tron founder Justin Sun received $8.75 million from Tron. stratum propria own
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“Justin Sun $8.75 million ‘Airdrop from blockchain analytics platform EigenLayer’ was posted on X on Tuesday. ‘How much did you get?’
Also on Tuesday, EigenLayer lifted transfer restrictions on EIGEN tokens, allowing them to be traded on various exchanges. The move to allow stakeholders to trade and transfer EIGEN tokens comes after 86 million of those tokens were distributed during the protocol’s second “Stakedrop” season. Tokens issued in this stakedrop and previously held in April were initially non-transferable.
Sun appears to hold EIGEN on HTX, the exchange on which he serves as an advisor. Last February, Sun posted a screenshot of his HTX wallet, which reportedly showed he held $1.6 billion worth of cryptocurrency at the time.
According to The Block Price Page, EIGEN is trading at $4.18 as of 2:27 PM ET. EigenLayer’s fully diluted value is over $7 billion.
EigenLayer allows users to stake Ethereum to secure third-party networks or actively verified services. The total value of the platform now stands at more than $12 billion, well below its peak of $20 billion in June of this year.
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About the author
RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. Previously, he covered entertainment for The Wall Street Journal, writing about Disney, Netflix, Warner Bros. and the creator economy, with a primary focus on technological disruption across media. Previously, he covered corporate, economic and political news in Brazil at Bloomberg. RT has interviewed CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. He holds a Master’s degree in Digital Sociology.