The owner of the HTX exchange (formerly Huobi) Justin Sun blocked 282,796 ETH - about $447 million. This is reported by a cryptanalyst under the pseudonym EmberCN.
The expert traced San's funds to two wallets. Both of them contributed stakes through the Lido Finance protocol.
EmberCN suggested that Sun is the largest individual Ethereum staker on the market. Any large-scale actions with his portfolio may provoke a change in the price curve.
Sun himself did not comment on the situation directly at the time of writing.
In April 2023, we covered a statement by one of the members of the Ethereum Foundation development team. According to him, staking carries certain risks, including the disclosure of confidential data.
On October 13, 2023, we reported that the queue for launching validators on the Ethereum network had dropped to a minimum. This is a sign of declining demand for staking.
Against this background, the asset rate dropped to a seven-month low. ByteTree analysts noted the fact that Ethereum has lost its investment potential Justin Sun
