{"id":554296,"date":"2023-10-05T21:00:22","date_gmt":"2023-10-05T21:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=554296"},"modified":"2023-10-05T20:35:05","modified_gmt":"2023-10-05T20:35:05","slug":"justin-sun-unstakes-20000-ethereum-lido-finance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/","title":{"rendered":"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What&#8217;s Going On?"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">A crypto wallet associated with Justin Sun, the co-founder of Tron, a smart contract platform, has\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/OnchainDataNerd\/status\/43253265\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">moved<\/span><\/a><span data-preserver-spaces=\"true\"> 20,000 Ethereum (ETH) worth roughly $32.4 million from Lido Finance, a liquidity staking platform. Funds were transferred to Binance, the world&#8217;s largest crypto exchange, trading volume and client count.<\/span><\/p>\n<figure id=\"attachment_554298\" aria-describedby=\"caption-attachment-554298\" style=\"width: 946px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-554298\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQA0-aAAADHdQ.jpeg?resize=946%2C331\" alt=\"Justin Sun&#039;s ETH transfer from Lido Finance| Source: The Data Nerd on X\" width=\"946\" height=\"331\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQA0-aAAADHdQ.jpeg?w=946 946w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQA0-aAAADHdQ.jpeg?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQA0-aAAADHdQ.jpeg?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQA0-aAAADHdQ.jpeg?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQA0-aAAADHdQ.jpeg?w=750 750w\" sizes=\"auto, (max-width: 946px) 100vw, 946px\"><figcaption id=\"caption-attachment-554298\" class=\"wp-caption-text\">Justin Sun&#8217;s ETH transfer from Lido Finance| Source: The Data Nerd on X<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The transaction, executed in a single batch, was captured by The Data Nerd, an analysis platform, and shared on X on October 5. As it is, Ethereum (ETH) is under pressure, looking at the performance in the daily chart.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Ethereum Drops 4%, Are Bears Flowing Back?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Trackers show that the coin is down roughly 4% in three days, confirming sellers of October 2. Notably, the daily chart has a double bar formation with the bear candlestick of October 2, completely reversing buyers of October 1. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This arrangement suggests that bears could be in control, especially considering the draw-down of the past few trading days and the level of participation on October 2 when the coin slipped.\u00a0<\/span><\/p>\n<figure style=\"width: 1233px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.tradingview.com\/x\/nbTSpVvE\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/nbTSpVvE\/\" alt=\"Ethereum price on October 5| Source: ETHUSDT on Binance, TradingView\" width=\"1233\" height=\"592\"><\/a><figcaption class=\"wp-caption-text\">Ethereum price on October 5| Source: <a href=\"https:\/\/www.tradingview.com\/x\/nbTSpVvE\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/btc\/buy-bitcoin-price-now\/\" target=\"_blank\" rel=\"noopener \">Analyst Who Put Bitcoin Price At $130,000 Says You Should Buy BTC Now, Here\u2019s Why<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">In technical analysis, losses at the back of increasing volumes often point to high participation. If prices are rising, then the coin in question could rally. Conversely, a sell-off could worsen if the bar had high trading volumes.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is also unclear whether Justin Sun plans to sell ETH after transferring coins to exchanges. Crypto transfers to centralized exchanges, which support many stablecoins like USDT and others, are often associated with sell-offs.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Market participants may interpret such movements as bearish, fueling the sell-off, subsequently heaping more pressure on prices. ETH is now at a one-week low.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Justin Sun Shuffling ETH In 2023<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The Data Nerd observes that prices fell the last time the wallet moved ETH to Huobi, which has since rebranded to HTX. In August, the wallet moved 5,000 ETH to HTX. The deposit came a week before ETH prices crashed 12%.\u00a0<\/span><\/p>\n<figure id=\"attachment_554299\" aria-describedby=\"caption-attachment-554299\" style=\"width: 947px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-554299\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQBFsbEAIIfrw.jpeg?resize=947%2C338\" alt=\"ETH transfer to HTX| Source: The Data Nerd on X\" width=\"947\" height=\"338\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQBFsbEAIIfrw.jpeg?w=947 947w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQBFsbEAIIfrw.jpeg?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQBFsbEAIIfrw.jpeg?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQBFsbEAIIfrw.jpeg?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/F7sQBFsbEAIIfrw.jpeg?w=750 750w\" sizes=\"auto, (max-width: 947px) 100vw, 947px\"><figcaption id=\"caption-attachment-554299\" class=\"wp-caption-text\">ETH transfer to HTX| Source: The Data Nerd on X<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Bitcoin and Ethereum prices fell sharply in mid-August, causing a &#8220;cascade liquidation&#8221; that spooked investors. ETH bulls have since failed to reverse those losses. Considering the relatively low trading volumes in the last two months, prices are still boxed within the August 17 trade range, a bearish signal.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/xrp-news\/xrp-polygon-high-volumes-investors-fomo\/\" target=\"_blank\" rel=\"noopener \">XRP, Polygon See Month-High Volumes As Investors Show FOMO<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">In late February 2023, Justin Sun\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/lookonchain\/status\/34296328\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">staked<\/span><\/a><span data-preserver-spaces=\"true\"> 150,000 ETH, worth roughly $240 million, to Lido Finance. The transfer remains the largest single-stay transaction, forcing the liquidity staking provider to\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/LidoFinance\/status\/20374785\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">activate<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0the Staking Rate Limit feature, capping the amount of coins one can stake at 150,000 ETH.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Lido Finance said the feature is more of a &#8220;safety valve&#8221; that &#8220;addresses possible side-effects such as rewards dilution, without needing to pause stake deposits explicitly.&#8221;\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A crypto wallet associated with Justin Sun, the co-founder of Tron, a smart contract platform, has\u00a0moved 20,000 Ethereum (ETH) worth roughly $32.4 million from Lido Finance, a liquidity staking platform. Funds were transferred to Binance, the world&#8217;s largest crypto exchange, trading volume and client count. The transaction, executed in a single batch, was captured by The Data Nerd, an analysis platform, and shared on X on October 5. As it is, Ethereum (ETH) is under pressure, looking at the performance in the daily chart.\u00a0 Ethereum Drops 4%, Are Bears Flowing Back? Trackers show that the coin is down roughly 4% in three days, confirming sellers of October 2. Notably, the daily chart has a double bar formation with the bear candlestick of October 2, completely reversing buyers of October 1. This arrangement suggests that bears could be in control, especially considering the draw-down of the past few trading days and the level of participation on October 2 when the coin slipped.\u00a0 Related Reading: Analyst Who Put Bitcoin Price At $130,000 Says You Should Buy BTC Now, Here\u2019s Why In technical analysis, losses at the back of increasing volumes often point to high participation. If prices are rising, then the coin in question could rally. Conversely, a sell-off could worsen if the bar had high trading volumes. It is also unclear whether Justin Sun plans to sell ETH after transferring coins to exchanges. Crypto transfers to centralized exchanges, which support many stablecoins like USDT and others, are often associated with sell-offs.\u00a0 Market participants may interpret such movements as bearish, fueling the sell-off, subsequently heaping more pressure on prices. ETH is now at a one-week low. Justin Sun Shuffling ETH In 2023 The Data Nerd observes that prices fell the last time the wallet moved ETH to Huobi, which has since rebranded to HTX. In August, the wallet moved 5,000 ETH to HTX. The deposit came a week before ETH prices crashed 12%.\u00a0 Bitcoin and Ethereum prices fell sharply in mid-August, causing a &#8220;cascade liquidation&#8221; that spooked investors. ETH bulls have since failed to reverse those losses. Considering the relatively low trading volumes in the last two months, prices are still boxed within the August 17 trade range, a bearish signal. Related Reading: XRP, Polygon See Month-High Volumes As Investors Show FOMO In late February 2023, Justin Sun\u00a0staked 150,000 ETH, worth roughly $240 million, to Lido Finance. The transfer remains the largest single-stay transaction, forcing the liquidity staking provider to\u00a0activate\u00a0the Staking Rate Limit feature, capping the amount of coins one can stake at 150,000 ETH.\u00a0 Lido Finance said the feature is more of a &#8220;safety valve&#8221; that &#8220;addresses possible side-effects such as rewards dilution, without needing to pause stake deposits explicitly.&#8221;\u00a0 Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":552664,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[428,8323,1946,12098,87607],"class_list":["post-554296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-bitcoin","tag-eth","tag-ethereum","tag-justin-sun","tag-lido-finance"],"acf":[],"yoast_head":"\n<title>Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What&#039;s Going On?<\/title>\n<meta name=\"description\" content=\"A crypto wallet associated with Justin Sun, the co-founder of Tron, has\u00a0moved\u00a020,000 Ethereum (ETH) from Lido Finance to Binance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What&#039;s Going On?\" \/>\n<meta property=\"og:description\" content=\"A crypto wallet associated with Justin Sun, the co-founder of Tron, has\u00a0moved\u00a020,000 Ethereum (ETH) from Lido Finance to Binance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-05T21:00:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-05T20:35:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492\" \/>\n\t<meta property=\"og:image:width\" content=\"875\" \/>\n\t<meta property=\"og:image:height\" content=\"492\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dalmas Ngetich\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Dalmas_Ngetich\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dalmas Ngetich\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/\"},\"author\":{\"name\":\"Dalmas Ngetich\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\"},\"headline\":\"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What&#8217;s Going On?\",\"datePublished\":\"2023-10-05T21:00:22+00:00\",\"dateModified\":\"2023-10-05T20:35:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/\"},\"wordCount\":509,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492\",\"keywords\":[\"bitcoin\",\"ETH\",\"ethereum\",\"Justin Sun\",\"Lido Finance\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/\",\"name\":\"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What's Going On?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492\",\"datePublished\":\"2023-10-05T21:00:22+00:00\",\"dateModified\":\"2023-10-05T20:35:05+00:00\",\"description\":\"A crypto wallet associated with Justin Sun, the co-founder of Tron, has\u00a0moved\u00a020,000 Ethereum (ETH) from Lido Finance to Binance.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492\",\"width\":875,\"height\":492,\"caption\":\"Bitwise Ethereum ETF\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What&#8217;s Going On?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\",\"name\":\"Dalmas Ngetich\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"caption\":\"Dalmas Ngetich\"},\"description\":\"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/\",\"https:\/\/x.com\/Dalmas_Ngetich\"],\"url\":\"https:\/\/wncen.com\/author\/dalmasngetich\/\"}]}<\/script>\n","yoast_head_json":{"title":"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What's Going On?","description":"A crypto wallet associated with Justin Sun, the co-founder of Tron, has\u00a0moved\u00a020,000 Ethereum (ETH) from Lido Finance to Binance.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/","og_locale":"en_US","og_type":"article","og_title":"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What's Going On?","og_description":"A crypto wallet associated with Justin Sun, the co-founder of Tron, has\u00a0moved\u00a020,000 Ethereum (ETH) from Lido Finance to Binance.","og_url":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-10-05T21:00:22+00:00","article_modified_time":"2023-10-05T20:35:05+00:00","og_image":[{"width":875,"height":492,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492","type":"image\/jpeg"}],"author":"Dalmas Ngetich","twitter_card":"summary_large_image","twitter_creator":"@Dalmas_Ngetich","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Dalmas Ngetich","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/"},"author":{"name":"Dalmas Ngetich","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586"},"headline":"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What&#8217;s Going On?","datePublished":"2023-10-05T21:00:22+00:00","dateModified":"2023-10-05T20:35:05+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/"},"wordCount":509,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492","keywords":["bitcoin","ETH","ethereum","Justin Sun","Lido Finance"],"articleSection":["Ethereum"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/","url":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/","name":"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What's Going On?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492","datePublished":"2023-10-05T21:00:22+00:00","dateModified":"2023-10-05T20:35:05+00:00","description":"A crypto wallet associated with Justin Sun, the co-founder of Tron, has\u00a0moved\u00a020,000 Ethereum (ETH) from Lido Finance to Binance.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492","width":875,"height":492,"caption":"Bitwise Ethereum ETF"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What&#8217;s Going On?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586","name":"Dalmas Ngetich","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","caption":"Dalmas Ngetich"},"description":"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What&#8217;s Going On?","url":"http:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/justin-sun-unstakes-20000-ethereum-lido-finance\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","eth","ethereum","justin sun","lido finance"],"dateCreated":"2023-10-05T21:00:22Z","datePublished":"2023-10-05T21:00:22Z","dateModified":"2023-10-05T21:00:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What&#8217;s Going On?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/justin-sun-unstakes-20000-ethereum-lido-finance\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/justin-sun-unstakes-20000-ethereum-lido-finance\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Bitwise-Ethereum-ETF.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"eth\",\"ethereum\",\"justin sun\",\"lido finance\"],\"dateCreated\":\"2023-10-05T21:00:22Z\",\"datePublished\":\"2023-10-05T21:00:22Z\",\"dateModified\":\"2023-10-05T21:00:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitwise-Ethereum-ETF.jpeg?fit=875%2C492","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/554296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=554296"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/554296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/552664"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=554296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=554296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=554296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}