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

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Raising the stakes: Proposal to increase Ethereum max validator balance ignites debateA proposal to increase the maximum validator balance from the current 32 ETH to 2,048 ETH per validator has sparked diverse reactions within the Ethereum community.
Read more »

Ethereum (ETH) Regains $1,820 Fueled by These Triggers: Details$ETH up 4.76%, back above $1,820 as the crypto market begins to revive: santimentfeed. $BTC Bitcoin
Read more »

Ethereum (ETH) Breaks Through Enormous Resistance LevelDespite $BTC dominance surge, $ETH is not falling behind after breaking through toward $1,800 price level
Read more »

Price analysis 6/21: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOTBitcoin and altcoin prices soared to monthly highs as investor sentiment was lifted by the recent institutional interest in Bitcoin, crypto and BTC ETFs.
Read more »

ETH Zurich sent 'tens of gigabits' of data through air using lasersThe dream of a fast and cheap wireless internet connection using lasers is one step closer thanks to ETH Zurich and its European partners.
Read more »

Bitcoin (BTC) + Ethereum (ETH) Basket Outperformed All Narratives in 90 Days: Analyst.thedefivillain indicated coins that outperformed ZK, metaverse, AI, LSD narratives in 2023
Read more »