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Justin Sun redeems 10,000 ETH from Lido, moves $12.3M to Poloniex exchange he backs.

Technical Signals
08 Sep 2026
Bitcoin
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Justin Sun redeems 10,000 ETH from Lido, moves $12.3M to Poloniex exchange he backs.

Tron founder Justin Sun has unstaked a total of 10,000 ETH from the Lido liquid staking protocol since August 26, moving about $12.3 million of that ether to Poloniex, an exchange he supports. While this shows some liquidity being freed up, Sun still holds a large position of roughly 238,000 stETH worth $594 million onchain. The movement to Poloniex is notable but not necessarily a sell signal since Sun controls the exchange. The pace of redemption suggests a slow unwinding of his staked ether rather than a full exit, keeping this story ongoing in the Ethereum staking space.

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