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Justin Sun has once again unstaked 5,000 ETH, with approximately 238,000 stETH still held 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 associated with 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 has once again unstaked 5,000 ETH, with approximately 238,000 stETH still held on-chain.

"Whale Tracking" The two SKHX longs that entered the market yesterday have started to cash in, with combined profits of $1.2 million.

Abraxas Capital has once again purchased 13,000 ETH spot to hedge against its short position of 141,180 ETH.

Justin Sun has once again unstaked 5,000 ETH, with approximately 238,000 stETH still held on-chain.

"BTC OG Insider Whale" sold 114,000 HYPE at an average price of $86.3, profiting $1.57 million.