TechFlow news, June 10 — According to on-chain analyst Ember (@EmberCN), seven hours ago, an address associated with Paradigm Capital transferred out 10 million LDO (approximately $8.41 million), and analysts expect these tokens will be sent to exchanges for subsequent selling.
It is reported that four years ago, Paradigm purchased 70 million LDO from Lido's treasury via an over-the-counter transaction at a price of $0.76 per token. In November last year, Paradigm sold 50 million LDO at an average price of $1.31, realizing a profit of $27.5 million. The current transfer of 10 million LDO represents half of its remaining holdings.
LDO's price has declined by 22% over the past month, possibly influenced by continuous institutional selling.
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