Lido's initial investors transferred 4.3 million LDO to Kraken after holding for five and a half years, worth approximately $1.61 million.

TechFlow reports, July 17: According to Ember's monitoring, Lido's initial investor transferred 4.3 million LDO to Kraken 1 hour ago after holding LDO for five and a half years, valued at approximately $1.61 million.

The institution received an allocation of 5 million LDO in December 2020, with a market value that once reached $30 million at the 2021 peak, and currently has a remaining value of about $1.88 million. Based on a holding cost of approximately $0.0085, it still realizes over 40x returns.