Justin Sun spent 15,000 ETH to purchase PT tokens expiring on 6/27 from two LRT companies
According to on-chain analyst EmberCN, Justin Sun spent another 15,000 ETH ($57.3 million) seven hours ago to buy PT tokens from two LRT6/27 expirations: ·10,000 ETH for 10,097 PT-weETH (1:1 exchange for weETH upon expiration on 6/27); ·5,000 ETH for 5,031.1PT-pufETH (1:1 exchange for pufETH upon expiration on 6/27). So far in two days, JustinSun has spent a total of 33k ETH buying PT tokens due to expire on LRT6/27 from Pendle. Upon expiry he can earn about 348.9 ETH ($1.33 million). Over twenty days this equates to a coin-based return of approximately 1% (annualized at around 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.
You may also like
CME data center outage halts futures and options trading, affecting contracts worth trillions of dollars
CME EBS market will open at 20:00
BNB Treasury company CEA Industries appoints digital asset expert Annemarie Tierney as director