Justin Sun unstakes another 5,000 ETH, still holding 238,000 stETH on-chain.
According to on-chain analyst Ai Yi (@ai_9684xtpa), Justin Sun has again unstaked 5,000 ETH, increasing his total Lido redemptions to 10,000 ETH since August 26. Following the prior redemption, he deposited $12.3 million worth of ETH into Poloniex across two transactions at an approximate price of $2,481 per ETH. From this latest batch of 5,000 redeemed ETH, 3,500 were routed to a Poloniex hot wallet (purpose unknown), while the remaining 1,500 were deposited into Morpho. Justin Sun currently holds 238,000 stETH on-chain, valued at approximately $594 million.
