In a major move, Justin Sun, the founder of Tron, has transferred a massive sum of 120,000 ethers (ETH), valued at $480 million, to Ether.Fi, a liquid restaking protocol. This transaction comes as Ether.Fi rapidly approaches a total value locked (TVL) of $3 billion.
Justin Sun’s involvement in the DeFi space is not new. Last year, he helped avert a liquidity crisis on Curve Finance by purchasing $2.3 million worth of CRV tokens following a debt issue involving Curve’s founder, Michael Egorov.
