A wallet believed to be linked to Justin Sun has redeemed 5,000 ETH from Lido, according to on-chain analyst Ai Yi. Of that amount, 3,500 ETH moved to Poloniex and then into a hot wallet address, while the remaining 1,500 ETH was deposited into Morpho.
The suspected Justin Sun-linked address still holds more than 243,000 ETH, valued at over $600 million. Among major ETH-holding entities, the wallet ranks fourth and has surpassed the Ethereum Foundation in holdings.
Suspected Justin Sun Address Redeems 5,000 ETH From Lido
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