Ethereum continues to make headlines due to more important achievements. Check out the latest reports about the issue below.
Ethereum marks an important achievement
Accoridng to the latest reports, it seems that the crypto billionaire Justin Sun has sent hundreds of thousands of Ethereum (ETH) to liquid staking service Lido Finance (LDO).
The blockchain-tracking Twitter account Lookonchain reported the fact that the Tron (TRX) founder staked 150,100 ETH worth $240 million on Lido Finance in a series of transactions a few days ago.
“DeBank, a multichain portfolio tracker, reveals that Sun has staked a total of 200,164.03 ETH worth over $327 million on Lido Finance,” according to the notes coming from the online publication the Daily Hodl.
It’s important to note the fact that Sun also holds more than $50 million worth of the stablecoins Tether (USDT) and USD Coin (USDC) on the decentralized lending protocol Aave (AAVE), according to DeBank.
“Lido’s native token, LDO, is trading at $3.19 at time of writing. The 28th-ranked crypto asset by market cap is up over 3% in the past 24 hours and nearly 7.5% in the past week,” the same online publication mentioned above notes.
Ethereum in the news
Not too long ago, we were revealing the fact that a popular crypto trader says metaverse-focused token Decentraland (MANA) and two other altcoins are gearing up for a burst to the upside.
Pseudonymous analyst Cantering Clark said recently that MANA may be following in the footsteps of Filecoin (FIL), a peer-to-peer decentralized storage network that erupted over 62% last week.
“There are still some alts that are holding key levels that I wouldn’t write off just yet, MANA being one of them.”
The crypto strategist says he’s accumulating Hooked Protocol (HOOK).
Just in case you don’t know, this is a gamified social learning platform that aims to accelerate web3 adoption. According to Cantering Clark, HOOK could be setting up for a rally toward its recent high at around $4.