11-07-2023 05:00 via newsbtc.com

Tron Co-Founder Unstakes $56 Million From Ethereum Via Lido, Will ETH Prices Fall?

Justin Sun, the co-founder of Tron, withdrew 30,000 ETH, worth roughly $56 million, via two addresses via Lido, a liquidity staking service provider, on July 10, Lookonchain reveals. Following his move, his Ethereum stake via Lido is down to 263,294 ETH, or $491.6 million at spot rates.
Justin Sun Unstakes From Ethereum
Lookonchain, a blockchain analytics platform, notes that between February 25 and 27, Sun staked 288,100 ETH, or $538 million, and earned 5,194 ETH, or $9 million. This translates
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