On-chain analyst Ai Yi reported that an address linked to Sun Yuchen, 0x176…0a132, submitted a request to redeem 5,000 ETH from Lido about 10 minutes ago, worth about $12.3 million. It was the first unstaking activity from the address since July 18, 2025, and the purpose was not disclosed.
Sun Yuchen currently holds about 243,000 stETH on-chain, with a combined value of nearly $600 million.
Sun Yuchen’s Address Unstakes 5,000 stETH Worth $12.3M
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