<ul><li>Prominent crypto figure Justin Sun has applied to withdraw 52,905 ETH (worth ~$209 million) from Lido as part of an accumulation strategy involving 392,474 ETH purchased between February and August.</li><li>The withdrawal request comes amid Ethereum's strong momentum, with the price currently at $3,961 and a 2% increase in the past 24 hours. Trading volume has also seen significant growth.</li><li>Sun's investment strategy has been profitable, with an estimated $349 million profit on his current ETH holdings, representing a 29% return on investment. Ethereum has shown a monthly gain of 27%.</li><li>Market indicators such as ETH Futures Open Interest and whale activity suggest strong market confidence and increased institutional interest in Ethereum.</li></ul>

Justin Sun Files Request for 53,000 ETH Withdrawal from Lido

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