Justin Sun Unstakes Another 5,000 ETH from Lido

Tron founder Justin Sun has made another significant move in his Ethereum staking position. According to data from on-chain analyst ai_9684xtpa, Sun unstaked an additional 5,000 ETH from Lido, a decentralized staking protocol on the Ethereum network.

This latest transaction brings Sun's total unstaked amount via Lido since August 26th to 10,000 ETH. Despite this, he still holds approximately 238,000 stETH in his on-chain assets, valued at around $594 million.

Lido allows users to stake their ETH holdings and receive stETH in return, which represents the staked ETH as well as the staking returns earned. Sun's recent transactions have caught the attention of market participants monitoring Ethereum staking positions.