Tron Founder Justin Sun Unstakes $30M of Ether from Lido, Sends Tokens to Huobi

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Tron Founder Justin Sun Unstakes $30M of Ether from Lido, Sends Tokens to Huobi
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The crypto wallet of justinsuntron unstaked and withdrew 15,805 ETH worth roughly $30 million from LidoFinance on Thursday, then a few minutes later transferred 15,815 ETH to HuobiGlobal, blockchain data on AkhamIntel shows. sndr_krisztian reports

received

a total of 15,805 ETH from Lido’s withdrawal address on Thursday after requesting to unstake the tokens the day before, data by blockchain monitoring platform Arkham Intelligence shows. A few minutes later, the wallet deposited 15,815 ETH to Huobi through an intermediary address, according to Arkham. Sending tokens to an exchange often signals intention to sell.After the transaction, crypto wallets linked to Sun still held 287,855 of Lido’s staked ether tokens, worth some $543 million, per Arkham.

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