Holding over 243,000 ETH, Justin Sun redeems 5,000 ETH, surpassing the Ethereum Foundation in holdings ranking
According to Odaily, on-chain analyst Ai Yi has monitored that Justin Sun redeemed 5,000 ETH from Lido. Of these, 3,500 ETH were sent to an exchange and then entered a hot wallet address, with the specific purpose unknown. The remaining 1,500 ETH were deposited into Morpho. Justin Sun still holds more than 243,000 ETH on-chain, valued at over $600 million, ranking 4th among ETH holding entities, with a holding amount surpassing that of the Ethereum Foundation.
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