Justin Sun spent 15,000 ETH to buy 2 LRT PT tokens expiring on June 27
According to blockchain analyst Yu Jin has monitored that Justin Sun spent 15,000 ETH (57.3 million US dollars) to buy PT tokens for two LRTs expiring on June 27:
· 10,000 ETH bought 10,097 PT-weETH (1:1 exchange for weETH expiring on 6/27);
· 5,000 ETH bought 5,031.1 PT-pufETH (1:1 exchange for pufETH expiring on 6/27).
Currently, Justin Sun has spent a total of 33,000 ETH buying PT tokens for LRTs expiring on 6/27 in Pendle over the past two days, which will yield approximately 348.9 ETH (1.33 million US dollars) in profits upon expiration.
In just over 20 days, investors can earn a coin-based return of 1% (annualized at about 17%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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