On-chain redemptions of 30,000 staked Ether (stETH) tokens by Chinese crypto entrepreneur and Tron founder Justin Sun has caused concern among users of the ETH staking provider Lido.
The massive redemption of the staked ETH tokens, worth approximately $55.8 million, happened across two separate wallet addresses on Saturday, with both wallets flagged as belonging to Justin Sun….
Read More: Billionaire Justin Sun’s On-Chain Behavior Sparks Concern Among Lido Investors