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He has taken out $126 million worth of ETH… but hasn't moved it yet.
Justin Sun redeemed 53,665 ETH from Aave 5 hours ago,
worth approximately $126 million.
The key point is—
This batch of ETH is still sitting in the wallet and has not been transferred to an exchange.
He has taken it out, but hasn't sold it.
This step is more like a "preparation" rather than an "action."
The rhythm of large capital flows,
often involves several steps.
Some people only look at the results,
while others are already watching what will happen next.