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Tron founder Justin Sun withdrew 5,000 ETH from Lido, according to ai_9684xtpa.
Of that amount, 3,500 ETH moved through Poloniex to a hot wallet address, while its specific use has not been identified, ai_9684xtpa said. The remaining 1,500 ETH was deposited into decentralized lending protocol Morpho. Justin Sun currently holds more than 243,000 ETH, worth around $600 million, ranking fourth by ETH holdings, ai_9684xtpa added. The size of those holdings exceeds that of the Ethereum Foundation.