Looking at a whale’s wallet is one of the best ways to see the gap between PR slogans and the real flow of funds.
According to Arkham’s latest data, 211 on-chain wallets belonging to Tron founder Justin Sun have been exposed. His total holdings are worth about $2.25 billion, ranking second globally among individuals.
A closer look at the asset allocation shows that nearly half is Sky Protocol’s yield-bearing stablecoin sUSDS (about $1.09 billion). stETH accounts for about $608 million, while TRX is only about $2.3 million.
The leader of a top public chain still prefers Ethereum DeFi yields rather than strictly holding his own token. For TRX, the main liquidity remains on external chains, and the native ecosystem lacks support from large spot lockups.
Going forward, it will be worth watching whether this batch of yield-bearing funds shifts to spot trading if Sky’s sUSDS interest rate is reduced.
Not investment advice. Please assess the risks yourself.
$TRX $SKY
According to Arkham’s latest data, 211 on-chain wallets belonging to Tron founder Justin Sun have been exposed. His total holdings are worth about $2.25 billion, ranking second globally among individuals.
A closer look at the asset allocation shows that nearly half is Sky Protocol’s yield-bearing stablecoin sUSDS (about $1.09 billion). stETH accounts for about $608 million, while TRX is only about $2.3 million.
The leader of a top public chain still prefers Ethereum DeFi yields rather than strictly holding his own token. For TRX, the main liquidity remains on external chains, and the native ecosystem lacks support from large spot lockups.
Going forward, it will be worth watching whether this batch of yield-bearing funds shifts to spot trading if Sky’s sUSDS interest rate is reduced.
Not investment advice. Please assess the risks yourself.
$TRX $SKY