Advisor to the HTX cryptocurrency exchange (formerly Huobi) and TRON founder Justin Sun received almost 6% of the ETHFI token airdrop. This was reported on X (formerly Twitter) by a crypto expert under the pseudonym BlurCrypto.
Justin Sun's wallet got nearly 6% of the $ETHFI airdrop supply, nearly $20M
Top 500 wallets have about 85% total
Linear distribution advocates, remind me again how this is a good solution? pic.twitter.com/WgLWl9ipSy
— Blur (@BlurCrypto) March 16, 2024
In his note, he presented a screenshot of Sun’s purported wallet, which shows that the latter received more than 3.45 million ETHFI tokens. BlurCrypto estimates the assets are worth more than $20 million.
Additionally, the report states that 85% of the total ETHFI supply is controlled by the top 500 wallets. However, the ether.fi project team denied this information.
Where did you get the top 500 number?
Top 500 wallets got 45% of airdrop and provided 60% of the ETH.
— ether.fi (@ether_fi) March 16, 2024
Source: Cryptocurrency
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