Data: Lido DAO members sold $49.6 million worth of LDO, causing the token to drop over 10% within 24 hours

According to ChainCatcher news, monitored by Spot On Chain, 3 initial Lido DAO members sold $49.6 million worth of LDO tokens to centralized exchanges during last week's rebound, causing LDO to drop over 10% within 24 hours.

Among them, Paradigm deposited 36.51 million LDO (worth $47.7 million) to Coinbase Prime, Delphi Digital transferred approximately 850,000 LDO (worth $1.13 million) to Wintermute Trading, and KR1 deposited 600,000 LDO (worth $749,000) to Kraken.