Justin Sun's staked position in Lido exceeds 247,000 stETH, annualized staking yield reaches $9.5 million

CoinFeed July 8 news, according to Onchain Lens, Justin Sun recently increased his staked position on Lido Finance again, adding 13,000 ETH (approximately $23.08 million) about 23 hours ago. He now holds a total of about 247,436 stETH (approximately $430 million) in Lido. Since February 2023, this stETH staking position has generated a total of about 11,307 stETH (approximately $26.82 million) in staking rewards. Based on the current annualized yield, he is estimated to earn about $9.5 million per year.