Tron Founder’s Team Wallet Deposits $376M Worth of EETH Into Swell L2

• An address connected to Justin Sun has moved 120,000 EETH worth $376 million to Swell L2.
• Reportedly, the transferred EETH accounts for 46.6% of the total deposits of Swell L2.
• The same address, holding 48,374.301353998937694271 ETH, previously moved 120,000 ETH to EtherFi.

TRON Founder Justin Sun has recently created headlines in connection to a massive $300+ million worth of Ether (ETH). According to an X post by Colin Wu, a Chinese crypto journalist, an address related to Sun deposited 120,000 EETH, worth $376 million, into Swell L2.

Justin Sun's team address 0x7a9…3095 deposited 120,000 EETH (the deposit certificate after ETH is deposited into EtherFi) into Swell L2 on May 4, worth US$376 million, accounting for 46.6% of the total deposits of Swell L2. https://t.co/QT0AoxKv69

— Wu Blockchain (@WuBlockchain) May 5, 2024

EETH or ether.fi Staked ETH is the non-custodial liquid staking token for Ethereum. In other words, it is the ETH deposited into the liquid restaking protocol, EtherFi. As per Colin Wu, the address 0x7a9…3095, which is allegedly connected to Sun, transferred 120k EETH to Swell L2, a blockchain ecosystem. Notably, the transferred EETH a…

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