10,000 ETH Withdrawn by Justin Sun From Lido Protocol

On chain data show that Justin Sun, founder of Tron, withdrew a total of 10,000 ETH from the Lido staking protocol between 4 Shahrivar 1405 (August 26, 2026) and Tuesday, 17 Shahrivar 1405 (September 8, 2026), ArzDigital reported. According to the data, the first 5,000 ETH, worth about 12.3 million dollars, was freed earlier, with part of it moved at a price around 2,481 dollars to the Poloniex exchange, which Sun is a major backer of. The latest step in the process came on 17 Shahrivar, September 8, when wallets linked to Sun submitted a request to withdraw another 5,000 ETH from Lido. However, the bulk of Sun's position in Lido remains untouched, as he still holds about 238,000 stETH worth roughly 594 million dollars. ArzDigital noted that moving assets to an exchange he backs does not necessarily indicate a sale, and that the withdrawal process has so far been gradual, with no sign of a sudden liquidation of his full position.