TechFlow reports, according to on-chain analyst Ai Aunt, a whale/institution that accumulated 31.76 million LDO between October 2022 and May 2023 has realized cumulative profits of $17.2 million.
The address's average LDO acquisition cost was approximately $1.36 (current price $2.42). Nine hours ago, it deposited 2.6 million LDO worth $5.1 million to Coinbase; if fully sold, this would yield a profit of $1.54 million. The remaining 14.92 million tokens are still up by $15.66 million, representing a 72% return on investment.
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