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'JustinSun' Stakes 200K Ethereum Tokens via Lido: LDO up 225%

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Liquid staking has managed to garner a fair amount of traction over the past few months. Recently, the sector overtook DeFi lending in terms of the number of assets locked up. Data revealed that the combined value of assets deposited in liquid staking protocols stood at $14.09 billion. The combined TVL of DeFi’s lending assets, on the other hand, stood at $13.67 billion. Thus, after DEXs, liquid staking is currently the second-largest sector in the ecosystem. Source: DeFiLlama Also Read: ‘Mysterious’ Ethereum Wallet Now Worth $400M+ A recent tweet from PeckShield revealed that a wallet address labeled “JustinSun” staked around 88k Ethereum tokens worth $143.9 million via Lido Finance. The blockchain security and Analysis firm further revealed that the wallet staked more than 200K Ethereum tokens worth $318.7 million over the past 24 hours. #PeckShieldAlert JustinSun-labeled address has staked 88k $ ETH (~$143.9M) through @ Lido Finance http...