TechFlow News: On April 16, according to on-chain analyst Yujin (@EmberCN), 4.82 million LDO tokens—valued at approximately $1.81 million—were withdrawn from Binance early this morning and transferred to a multisig wallet managed by the Lido Growth Committee. This wallet is designated for executing buyback operations.
Lido approved a proposal three days ago authorizing up to 10,000 stETH to be used for LDO buybacks. Additionally, the Growth Committee announced the execution parameters for its first buyback—1,000 stETH—two days ago. Furthermore, this same multisig wallet received 4.82 million LDO tokens from market maker Portofino early this morning.
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