Data: Paradigm Capital transfers out $8.41 million LDO, may sell off

ChainCatcher news, according to on-chain analyst Ember (@EmberCN), the Paradigm Capital address transferred 10 million LDO (approximately 8.41 million USD) 7 hours ago, and the analyst expects that it will be transferred to exchanges for sale.

It is reported that Paradigm purchased 70 million LDO from the Lido treasury OTC at a price of 0.76 USD four years ago. Last November, Paradigm sold 50 million LDO at an average price of 1.31 USD, making a profit of 27.5 million USD. The 10 million LDO transferred this time represents half of the remaining holdings.

Affected by continuous institutional selling, the price of LDO has dropped 22% in the past month.