There were reports that Sun Yuchen withdrew USDC worth $152 million from Lightner, but in fact he isn’t bearish at all. What he says on X is simply that he’s rebalancing his wallet, and that he’s holding all of the LIT tokens. Rather, he’s also confirming again that he’s optimistic about Lightner’s long-term outlook.

It looks like he plans to re-deposit into Lightner’s LLP soon, so this withdrawal is probably part of a position adjustment. Since it amounts to about 17–18% of the platform’s total USDC balance, it’s a pretty big move—but it’s not that seeing this has made him bearish; rather, it’s likely a strategic move. It shows that his trust in Lightner hasn’t changed.