Tron (TRX) Creator Receives $16 Million Token Airdrop: A Major Boost for Cryptocurrency Market

• Tron CEO, Justin Sun, has reportedly secured over 2 million tokens from the EigenLayer airdrop.
• The airdrop is expected to reward over 6% of EIGEN’s total supply.
• Justin Sun has reportedly made significant contributions to EigenLayer.

Tron CEO, Justin Sun, has reportedly secured over 2 million tokens from the EigenLayer airdrop, contributing significantly to the platform. The airdrop is expected to reward over 6% of EIGEN’s total supply.

Tron Founder Collects EigenLayer Airdrop Rewards

Tron’s (TRX) founder and CEO, Justin Sun, has emerged as one of the biggest beneficiaries of the EigenLayer token airdrop. In this context, Sun received over $2 million worth of EIGEN tokens from EigenLayer’s Phase 1 airdrop. Currently, EIGEN is trading at around $8, which means Sun received approximately $16 million worth of tokens. In other words, Sun secured 2.08 million EIGEN tokens. The community is also preparing for the Phase 2 airdrop.

Transaction Sparks Widespread Interest in EigenLayer Token Launch

Considering the influential position of Tron inventor Justin Sun in the crypto space, the transaction reported on Saturday, May 11, 2024, sparked widespread interest in the EigenLayer token launch. Additionally, the address associated with Sun, marked as “Justin Sun 4” (0x176…a132), ranked second in terms of deposit volume in EigenLayer. Before this airdrop claim, the address made significant contributions to EigenLayer’s ecosystem. According to Wu Blockchain, Sun had deposited 104,000 ETH directly before March. He also deposited another 58,000 ETH through Puffer Finance. The value of the deposit is over $469 million at the current ETH price.

EigenLayer Attracts Significant Interest in the Blockchain Space

EigenLayer, known for its role as a leading restructuring provider on Ethereum, has attracted significant interest in the Blockchain space. As you follow from CoinOtag, it received over $100 million in support from Andreessen Horowitz. In addition, the platform currently has a pooled security system holding approximately $16 billion in user deposits.

Details on the EIGEN Airdrop

The Eigen Foundation, established by Eigen Labs, officially started the EIGEN token claim process on May 10. This opening stage, known as Season 1, offers approximately 113 million EIGEN tokens, representing 6.05% of the initial supply of the token. As part of its strategic token distribution plan, EigenLayer is implementing a phased approach. Phase 1, planned for mid-June, will increase the current supply by up to 6.75% in Phase 2. The project will also reserve 15% of the total initial token supply for community distribution throughout all seasons.

Conclusion

It is possible for eligible users to claim their EIGEN tokens by participating in various stake activities in EigenLayer. Additionally, stakers of ETH or liquid stake tokens (LSTs) before March 15 will receive extra bonuses. Participants who engage in DeFi activities through platforms like Kelp, Pendle, and Equilibrium will also gain additional benefits. The EigenLayer airdrop and the involvement of influential figures like Justin Sun highlight the growing interest and potential in the crypto space.