Justin Sun spent 15,000 ETH to purchase PT tokens expiring on 6/27 from two LRT companies
According to on-chain analyst EmberCN, Justin Sun spent another 15,000 ETH ($57.3 million) seven hours ago to buy PT tokens from two LRT6/27 expirations: ·10,000 ETH for 10,097 PT-weETH (1:1 exchange for weETH upon expiration on 6/27); ·5,000 ETH for 5,031.1PT-pufETH (1:1 exchange for pufETH upon expiration on 6/27). So far in two days, JustinSun has spent a total of 33k ETH buying PT tokens due to expire on LRT6/27 from Pendle. Upon expiry he can earn about 348.9 ETH ($1.33 million). Over twenty days this equates to a coin-based return of approximately 1% (annualized at around 17%).
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