Justin Sun withdraws $209 million in Ethereum from Lido Finance: a large ETH withdrawal could affect liquidity and price, as seen in previous transactions 📉

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Justin Sun, the founder of TRON, has filed a request to withdraw 52,905 ETH ($209 million) from Lido Finance, which could affect the price of Ethereum. This is part of his accumulation strategy, during which he purchased 392,474 ETH, making a profit of $349 million. Similar withdrawals previously caused ETH prices to drop, raising concerns among analysts about potential liquidity declines. Lido accounts for more than 30 percent of all ETH staking, and such large withdrawals could impact the market.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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