Justin Sun, the founder of Tron, has made a series of significant Ethereum transfers recently, highlighting his strategic asset management. On Christmas Eve, he transferred 70,182 ETH, worth $244.9 million, to HTX (formerly Huobi). The transfer was composed of 42,905 ETH unstaked from Lido Finance, a decentralized liquid staking protocol, and 27,277 ETH from EtherFi.

Key Details:

1. Christmas Eve Transfer:

Amount: 70,182 ETH

Total Value: $244.9 million

Sources:

42,905 ETH unstaked from Lido Finance.

27,277 ETH from EtherFi.

2. Previous Transfers:

On Dec. 23, Sun redeemed 39,999 ETH worth $143 million from Lido Finance and EtherFi, depositing the full amount into HTX.

By the end of November, his total deposits into HTX amounted to 179,101 ETH, valued at $645 million.

3. Strategic Activity:

Sun has been actively unstaking and managing Ethereum assets:

On Dec. 16, he requested to withdraw 52,905 ETH worth $209 million from Lido Finance.

Between February and August 2023, Sun purchased 392,474 ETH at an average rate of $3,027 per ETH, securing a 29% profit.

4. October Transactions:

On Oct. 4, Sun unstaked 80,251 ETH, valued at $131 million, from Lido Finance and transferred it to Binance, just before Ethereum’s price dipped by 5%.

Current Ethereum Holdings:

Staked Ethereum: 106,905 tokens worth $372.4 million.

ETH Derivative Tokens: 56,277 tokens worth $195.8 million.

Sun's recent activity demonstrates his strategic approach to Ethereum investments, including leveraging staking platforms, monitoring market trends, and capitalizing on price movements.

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