Justin Sun stakes $430 million in ETH, earning approximately $9.5 million annually

Odaily Planet Daily reported that according to Onchain Lens monitoring, Justin Sun has recently been staking ETH through Lido Finance. 23 hours ago, Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total staked amount on Lido to 247,436 stETH, currently valued at approximately $430.2 million.

Data shows that since February 2023, this staking position has accumulated a total of 11,307 stETH in staking rewards, worth approximately $26.82 million. At the current earnings rate, Justin Sun's annualized yield from this position is approximately $9.5 million.