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.
谁是最大的 ETH 质押者?
那就是孙哥 @justinsuntron 了😂孙哥目前通过 2 个地址在 #Lido 质押有 282,796 $ETH($439M)。
0x176f3dab24a159341c0509bb36b833e7fdd0a132(192,656 ETH)
0x9fcc67d7db763787bb1c7f3bc7f34d3c548c19fe(90,140 ETH)孙哥的 EVM 地址列表:https://t.co/EiEWr5kG7a https://t.co/D4HaUV5WmT
— 余烬 (@EmberCN) October 15, 2023
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.
Earlier it became known 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.
Source: Cryptocurrency

I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.