Data: Paradigm Capital Transfers $8.41 Million Worth of LDO, Potentially for Sale

According to ChainCatcher, monitored by on-chain analyst Ember (@EmberCN), the Paradigm Capital address transferred 10 million LDO (approximately $8.41 million) 7 hours ago, and analysts expect it to be transferred to an exchange for sale subsequently.

It is reported that Paradigm purchased 70 million LDO from the Lido treasury through an over-the-counter transaction at a price of $0.76 four years ago. Last November, Paradigm sold 50 million LDO at an average price of $1.31, making a profit of $27.5 million. The 10 million LDO transferred this time represents half of the remaining holdings.

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