Justin Sun unstaked another 5,000 ETH, still holding approximately 238,000 stETH on-chain.

BlockBeats News, September 8 - According to on-chain analyst Ai Yi (@ai_9684xtpa), Justin Sun has again requested to redeem 5,000 ETH from Lido. Since August 26, he has cumulatively redeemed 10,000 ETH from Lido.

After the previous batch of ETH was redeemed, addresses linked to Justin Sun transferred ETH worth approximately $12.3 million to Poloniex in two transactions, with ETH priced at around $2,481 at the time of transfer. Currently, he still holds approximately 238,000 stETH on-chain, valued at about $594 million, making it his second-largest on-chain asset holding.

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Justin Sun’s on-chain operations: Keen on participating in EigenLayer and Swell staking, and purchasing a large amount of ETH

1. Justin Sun has participated in multiple Ethereum re-staking projects, including Swell L2, Ether.Fi, EigenLayer, and Puffer Finance. 2. Justin Sun deposited 120,000 eETH worth $376 million into Swell L2, accounting for 46.6% of Swell L2's total deposits. 3. Justin Sun has purchased a total of 323,799 ETH worth approximately $1.0248 billion through CEX withdrawals and on-chain purchases in 6 months, with an average price of $2,942. 4. Justin Sun's crypto wallet holds a total value of approximately $4.165 billion in crypto assets, ranking first in the personal on-chain crypto asset holdings. 5. Justin Sun's large-scale investment in Ethereum has triggered speculation that market sentiment may shift positively, which may drive Ethereum prices into a recovery phase.

On-Chain Activity