Odaily Planet Daily reports that according to Ember Monitor, Paradigm Capital transferred out 10 million LDO tokens (approximately 8.41 million USD) 7 hours ago, which are expected to flow to exchanges such as Binance, OKX, Bybit, and Gate. In the past month, institutions (or teams) have cumulatively sold 51.31 million LDO tokens (approximately 48.66 million USD).

Paradigm purchased 70 million LDO tokens from the Lido treasury OTC four years ago at 0.76 USD each. Of these, 50 million tokens were sold last November at an average price of 1.31 USD, earning a profit of 27.50 million USD. The tokens transferred today represent half of the remaining 20 million tokens.

Possibly due to continuous selling pressure, LDO's price has dropped about 22% in the past month.

Paradigm Capital transferred out 10 million LDO tokens, potentially contributing to the recent 22% decline in LDO prices over the past month due to selling pressure.