Justin Sun Stakes $150M in Ethereum as Whales Quietly Load Up

Ethereum whales are back in accumulation mode, and this time, it’s not just retail panic-buying. It’s the big names making moves.

Justin Sun, the founder of TRON, just staked 45,000 ETH, worth $154.5 million, through Lido, the largest Ethereum liquid staking platform.

The deposit came shortly after he withdrew the same amount from AAVE, suggesting a calculated shift from lending yield to staking rewards.

Sun now holds roughly $534 million in Ethereum, slightly more than his TRX holdings of around $519 million. For someone who built an empire on TRON, this is a loud statement, Ethereum is still the king of smart contracts, and Sun knows it.

Data from Arkham Intelligence confirms the transfer, with on-chain records showing the move was executed in a single transaction, causing a minor uptick in Lido’s total value locked.

Justin Sun isn’t the only one making aggressive plays. Over the past three days, on-chain data shows whales have purchased 394,682 ETH, worth roughly $1.37 billion.

In a market where most traders are still waiting for Bitcoin to confirm a breakout, the smart money is quietly building exposure to Ethereum. These are not retail-level buys, these are multi-million dollar inflows from institutional and high-net-worth wallets.

On-chain researcher 0xNonceSense noted that the pattern of accumulation coincides with ETH’s recent dip, suggesting whales are dollar-cost averaging heavily rather than chasing price action.