A Whale Redeems 526,000 LPT and Transfers to CEX

According to Jinse Finance, analyst Yu Jin's monitoring shows that an address redeemed 526,000 LPT from the LPTPoS staking contract in the past hour, valued at approximately $4.81 million, and transferred it to a CEX. This address purchased and staked the LPT at an average price of about $5.9 between February and April this year. With LPT rising by 55% in the past week, this operation might be to realize profits, with an estimated gain of about $2.01 million.