Wu Shuo learned that, according to monitoring by @EmberCN, Paradigm Capital transferred out 10 million LDO tokens (approximately 8.41 million USD) 7 hours ago, and it is expected that these will be sent to exchanges for sale.

Paradigm purchased 70 million LDO tokens from the Lido treasury in an over-the-counter (OTC) deal four years ago at a price of 0.76 USD each. In November last year, Paradigm sold 50 million LDO tokens at an average price of 1.31 USD, earning a profit of 27.50 million USD. The 10 million LDO tokens transferred this time represent half of their remaining holdings.

Possibly affected by continuous institutional selling, the price of LDO has dropped by 22% over the past month.

Wu Shuo learned that according to monitoring by @EmberCN, the Paradigm Capital address transferred out 10 million LDO tokens (approximately 8.41 million USD) 7 hours ago, with plans to subsequently transfer them to exchanges for sale. Four years ago, Paradigm purchased 70 million LDO tokens from Lido's treasury via over-the-counter trading at a price of 0.76 USD each. In November last year, Paradigm sold 50 million LDO tokens at an average price of 1.31 USD, earning a profit of 27.50 million USD. The 10 million LDO tokens transferred this time represent half of the remaining holdings. Possibly influenced by continued institutional selling, LDO's price has dropped by 22% over the past month.<br><br>

Paradigm Capital transferred out LDO worth 8.41 million USD, possibly for liquidation.