Justin Sun has made a new move with the large amount of ETH they are holding.
10 hours ago, they used 18k $ETH ($67M) to swap for LRT PT on Pendle:
- 10k ETH exchanged for 10k PT-weETH
- 5k ETH exchanged for 5k PT-pufETH
- 3k ETH exchanged for 3k PT-rsETH
This move indicates that they aim to optimize profits while holding a large amount of $ETH, and most of the remaining $ETH in the wallet is also being staked by J. Sun on other platforms.
The maturity date is on June 27, 2024, with a fixed interest rate of around 17-21%. The estimated profit by the maturity date could be about 220 $ETH.
