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Tron Founder Justin Sun Gets 2 Million Tokens From EigenLayer Airdrop
Founder and CEO of Tron (TRX). Justin Sole has emerged as one of the major beneficiaries of the EigenLayer token airdrop. Raised over $2 million in EIGEN tokens from the Phase 1 airdrop conducted by EigenLayer. securing a whopping 2.08 million EIGEN tokens. Additionally, the community is also preparing for a Phase 2 airdrop.
Tron CEO receives EigenLayer Airdrop reward
The transaction, reported on Saturday, May 11, 2024, has sparked widespread interest in the launch of the EigenLayer token, particularly considering Sun’s influential status within the crypto space. Additionally, the Sun-linked address, marked “Justin Sun 4” (0x176…a132), ranked second in terms of deposit volume within EigenLayer.
Prior to this airdrop claim, the address had made a substantial contribution to the EigenLayer ecosystem. According to Wu Blockchain, Sun deposited 104,000 ETH directly and another 58,000 ETH via Puffer before March. The deposit is worth over $469 million, according to the current price of ETH.
EigenLayer, renowned for its role as the leading restake provider on Ethereum, has attracted significant attention in the blockchain space. Additionally, it is backed by more than $100 million from Andreessen Horowitz. Additionally, the platform boasts a shared security system that currently holds approximately $16 billion in user deposits.
EigenLayer is eagerly awaited EIGEN token the airdrop marks a significant milestone for the project. However, despite the excitement surrounding the distribution, the new tokens remain non-tradable for an unspecified period. This delays their marketability. Meanwhile, rumors circulating within the community suggest that EIGEN’s fully diluted market capitalization could potentially reach an impressive $15 billion.
Read also: EigenLayer launches Phase 1 requests for EIGEN Airdrop
About EIGEN Airdrop
The Eigen Foundation, by Eigen Labs, officially launched the EIGEN token application process on May 10, 2024. This inaugural phase, known as Season 1, offers approximately 113 million EIGEN tokens, representing 6.05% of the initial supply of the token. Additionally, interested participants can claim their tokens by visiting claims.eigenfoundation.org, with the claim window remaining open until September 7, 2024.
As part of its strategic token distribution plan, Autostratus implemented a phased approach to ensure widespread participation and sustained community engagement. Phase 1, Phase 2, scheduled for mid-June, will increase the available supply up to 6.75%, with 15% of the total initial token supply earmarked for community distribution across all seasons.
Therefore, eligible users can claim EIGEN tokens by engaging in various staking activities on EigenLayer, with additional bonuses extended to those who have staked ETH or Liquid Staking Tokens (LST) before March 15, 2024. Additionally, participants involved in DeFi businesses across platforms such as Kelp, Pendle and Equilibrium will receive additional benefits.
Read also: Ethereum Spot ETF Applicants Will Meet US SEC, Will ETH Price Rebound?
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