Justin Sun Unstakes ETH, Moves $12.3M to Poloniex
- Justin Sun unstaked another 5,000 ETH on September 8, totaling his redemptions to 10,000 ETH since August 26.
- Approximately $12.3 million in ether was moved to Poloniex, a venue backed by Sun, at a price near $2,481.
- Sun’s remaining onchain position includes about 238,000 stETH valued at approximately $594 million.
Justin Sun continues to manage his Ethereum holdings by unstaking and moving portions of it to exchanges he controls like Poloniex. Despite these movements, the majority of his stETH holdings remain untouched onchain.
The recent activity of unstaking and moving funds highlights Sun’s strategic approach in handling significant cryptocurrency assets while maintaining liquidity options through exchange affiliations like Poloniex. (Source)
