According to on-chain analyst Ai Yi (@ai_9684xtpa), Sun Yuchen has again unstaked 5,000 ETH, bringing his total ETH redeemed from Lido since August 26 to 10,000 ETH. After his previous redemption, Sun Yuchen deposited 12.3 million worth of ETH in two transactions into Poloniex (at an average price of approximately $2,481); of this latest 5,000 ETH redemption, 3,500 ETH were sent to Poloniex’s hot wallet (purpose unknown), while the remaining 1,500 ETH were deposited into Morpho. Sun Yuchen currently holds 238,000 stETH on-chain, valued at approximately $594 million.
Sun Yuchen unstakes 5,000 ETH and still holds 238,000 stETH worth $594M
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Summary
Sun Yuchen unstaked 5,000 ETH, bringing his total ETH redeemed from Lido to 10,000 since August 26. The ETH price remains a key focus, as 3,500 of the unstaked ETH were transferred to Poloniex’s hot wallet and 1,500 to Morpho. He still holds 238,000 stETH on-chain, valued at approximately $594 million. ETH analysis indicates continued market attention on the activities of major holders.
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