According to Gate News bot, on-chain analyst Yu Jin monitored that Paradigm Capital Address transferred 10 million LDO (841 USD ) 7 hours ago, and it is expected that these LDO will be transferred into CEX next.
Paradigm purchased 70 million LDO from the Lido treasury OTC at a price of $0.76 four years ago, of which 50 million were sold at an average price of $1.31 last November, making a profit of $27.5 million. Half of the remaining 20 million have been transferred out today.
In addition, in the past month, another institution ( or team ) sold 51.31 million LDO for 4.866 million dollars (. Due to the continuous selling pressure from the institution, the LDO price has dropped by 22% in the past month.
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