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Paradigm Capital transferred 10 million LDO tokens to the exchange address.
According to the Gate News bot message and data monitored by @EmberCN, an address under Paradigm Capital recently transferred 10 million LDO tokens (valued at approximately $8.41 million) to an exchange address.
Looking back at historical trading history, Paradigm purchased 70 million LDOs from Lido’s treasury at $0.76 each through an over-the-counter transaction four years ago. In November 2023, the agency completed the sale of 50 million LDOs at an average price of $1.31, achieving a profit of $27.5 million. The 10 million LDOs transferred out this time account for 50% of its remaining positions.
Data shows that the price of LDO Token has dropped by 22% in the past 30 days.
Source of information: Wu Shuo
Original Link