Justin Sun: Stakes 13K More ETH on Lido
Justin Sun stakes 13K ETH ($23.08M) on Lido, total 247,436 stETH ($430.2M) generating $9.5M annual rewards.
SourceAnalysis
Justin Sun staked another 13K ETH worth $23.08M on Lido Finance 23 hours ago, lifting his position to 247,436 stETH valued at $430.2M and producing roughly $9.5M in yearly staking rewards after 11,307 stETH ($26.82M) earned since February 2023. ETH price prediction models now hinge on the 4h chart where price sits at $1739.17 inside a bullish trend yet tests lower Bollinger support at $1740.29 with EMA50 at $1730.74 acting as concrete support and EMA200 at $1747.58 capping upside while MACD prints a 6.37 death cross and RSI holds neutral at 44.29, pointing to short-term consolidation before continuation. This large stETH accumulation occurs against a backdrop of crypto market crash fears and AI industry impact on DeFi yields, underscoring how institutional staking flows continue to shape ETH technical structure.
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