According to BlockBeats, Justin Sun, a prominent figure in the cryptocurrency world, has recently redeemed his LRT PT tokens that he had been purchasing over the past month. The redemption, which took place on June 27, resulted in Sun gaining a profit of 984 ETH, equivalent to approximately $3.32 million.
In total, Sun used 86,000 ETH, roughly $290 million, to purchase the LRT PT tokens. Upon redemption, he received an amount equivalent to 86,984 ETH, or approximately $293 million. This indicates a significant return on his investment in the LRT PT tokens.
This move by Justin Sun highlights the potential profitability of investing in cryptocurrencies, particularly in tokens such as LRT PT. However, it's important to note that the cryptocurrency market is highly volatile and investments should be made with caution.