According to PANews, Justin Sun, the renowned blockchain entrepreneur, has reportedly spent an additional 11,000 ETH (approximately $41.94 million) to purchase PT tokens from three LRT companies. This transaction took place nine hours ago.
Sun purchased 5,039.7 PT-weETH with 5,000 ETH, 5,025 PT-pufETH with another 5,000 ETH, and 1,005.3 PT-rsETH with 1,000 ETH. This recent purchase is part of a series of acquisitions by Sun, who has spent a total of 44,000 ETH on PT tokens from Pendle over the past four days.
Upon the tokens' expiration on June 27, Sun is expected to earn approximately 419 ETH, equivalent to $1.6 million. This represents the intrinsic value of the tokens he has acquired.