TechFlow reports, according to on-chain analyst Yujin's monitoring, 9 hours ago Multicoin Capital transferred 833,332 LDO (worth approximately $1.66 million) to Coinbase.
It is understood that Multicoin Capital originally acquired 10 million LDO through investment on December 7, 2022 (cost basis: $0.00846 per token). Since October 16, 2022, Multicoin has sold or transferred a total of 9,166,667 LDO to exchanges, leaving only 833,333 LDO remaining in their holdings. The average exit price for Multicoin Capital's LDO transfers is around $1.95. It is estimated that Multicoin Capital has realized approximately $19 million in profit from its $LDO investment.
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