Tron (TRX) Founder Justin Sun Acquires 2M Tokens in EigenLayer Airdrop: A Major Boost for Crypto Market

  • Tron founder Justin Sun has received a significant airdrop reward from EigenLayer as the project progresses with its Phase 1 airdrop campaign and prepares for the second phase.
  • Sun reportedly received over 2 million tokens from the airdrop, which is expected to distribute over 6% of EIGEN’s total supply as rewards.
  • In addition to the airdrop, Sun has also made a substantial contribution to EigenLayer.

Tron CEO Justin Sun has emerged as a major beneficiary of the EigenLayer token airdrop, securing a whopping 2.08 million EIGEN tokens. The community is also bracing 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 EigenLayer token launch, particularly given Sun’s influential status within the crypto space. The address linked to Sun, marked as “Justin Sun 4” (0x176…a132), notably ranked second in terms of deposit volume within EigenLayer.

About EIGEN Airdrop

The Eigen Foundation, by Eigen Labs, officially initiated the EIGEN token claims process on May 10, 2024. This inaugural phase, known as Season 1, offers approximately 113 million EIGEN tokens, representing 6.05% of the token’s initial supply. Moreover, interested participants can claim their tokens by visiting claims.eigenfoundation.org, with the claim window slated to remain open until September 7, 2024.

Conclusion

The EigenLayer airdrop marks a significant milestone for the project. Despite the excitement surrounding the distribution, the new tokens remain non-negotiable for an unspecified period. This delays their tradability. Meanwhile, rumors circulating within the community suggest that EIGEN’s fully diluted market cap could potentially reach an impressive $15 billion.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Bitcoin: US Spot ETFs Post $23.239B Net Inflow This Week — IBIT +$10.369B, FBTC +$8.496B

COINOTAG News (Sept. 13), citing Farside Investors monitoring, reported...

Big Brother Whale Huang Lizheng’s 15x ETH Long Realizes $4.93M Profit, Still Holding 16,560 ETH (~$78M)

On September 13, COINOTAG News cited on-chain analyst Ai...

ETH Surges Toward $4,800 After Michigan Consumer Sentiment Plunge; Targets $4,950 Resistance and $4,450 Support

The University of Michigan's preliminary September reading showed US...

Coinbase Hacker Converts $18.91M DAI Into 3,976 ETH at $4,756 Average, On-Chain Analyst Reports

COINOTAG News on September 13 cited on-chain analyst Wu...

ETH Whale Deposits $4M USDC on HyperLiquid to Fortify 20x Short, Still Holding $14M Unrealized Losses and $26M Total Loss

COINOTAG News (Sept. 13) reports that Onchain Lens monitoring...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img