On-chain analyst Ai Yi (@ai_9684xtpa) said Justin Sun has unstaked another 5,000 ETH, taking his total redemptions from Lido to 10,000 ETH since Aug. 26. The latest batch was split between two destinations: 3,500 ETH moved to a Poloniex hot wallet, while the remaining 1,500 ETH was deposited into Morpho. Ai Yi said the purpose of the transfer to Poloniex is unknown.
The update also follows an earlier redemption, after which Sun transferred ETH worth $12.3 million to Poloniex in two separate deposits. The deposit price at that time was about $2,481 per ETH. Despite the recent withdrawals, Sun still holds 238,000 stETH on-chain, valued at about $594 million, according to the monitoring cited by ChainCatcher.
ChainCatcher reported that on-chain analyst Ai Yi (@ai_9684xtpa) tracked another 5,000 ETH unstaking by Justin Sun. Since Aug. 26, Sun has redeemed a total of 10,000 ETH from Lido.
According to Ai Yi, after the previous redemption, Sun sent ETH worth $12.3 million to Poloniex in two separate deposits. The deposit price at the time was about $2,481 per ETH.
Of the latest 5,000 ETH redemption, 3,500 ETH moved to a Poloniex hot wallet, with the purpose undisclosed, while another 1,500 ETH was deposited into Morpho.
Sun still holds 238,000 stETH on-chain, worth about $594 million.
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