Odaily Planet Daily reports, according to on-chain analyst Aunt Ai, Sun Yuchen has again unstaked 5,000 ETH. Since August 26, Sun Yuchen has cumulatively redeemed 10,000 ETH from Lido. After his previous redemption, Sun Yuchen deposited 12.3 million USD worth of ETH into Poloniex in two transactions at a price of $2,481 per ETH. He currently holds 238,000 stETH on-chain, valued at $594 million, making it his second-largest on-chain asset holding.
Sun Yat-sen redeems 5,000 ETH, holds 238,000 stETH worth $594M
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Summary
Sun Yat-sen redeemed 5,000 ETH, bringing his total ETH-related withdrawals to 10,000 ETH since August 26. He deposited $12.3 million worth of ETH into Poloniex at a price of $2,481. ETH price movements appear to influence his strategy. He now holds 238,000 stETH, valued at $594 million, his second-largest on-chain position.
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