Overview
- Arkham Intelligence tracked Sun withdrawing 45,000 ETH from Aave and depositing the funds to Lido, receiving liquid stETH in return.
- Public wallet data shows roughly $534 million in Ethereum at the time of the move, exceeding about $519 million in TRX within a portfolio valued above $1.76 billion.
- Glassnode data indicates new Ethereum staking deposits fell from roughly 250,000–325,000 daily in August to single‑digit thousands in early November, underscoring contrarian timing.
- Other large holders accumulated ETH as well, with BitMine buying 20,205 ETH from Coinbase and FalconX and wallet 0xca6 receiving 4,009 ETH from Galaxy Digital.
- Lido’s growing share of staked ETH drew renewed decentralization concerns from some analysts as high‑profile deposits concentrate activity on liquid staking platforms.