Paradigm Sells Off 70 Million LDO, Earning $28.13 Million in Four-Year Cycle

Odaily Planet Daily News: According to on-chain analyst Ember, Paradigm has liquidated 70 million LDO, earning a profit of $28.13 million over a four-year cycle. Paradigm transferred its remaining 10 million LDO (worth $7.42 million) 10 hours ago, and these LDO tokens will continue to flow into multiple CEXs in the coming days. Four years ago, Paradigm purchased 70 million LDO from the Lido treasury via OTC at a price of $0.76 per token. Last November, they sold 50 million tokens at an average price of $1.31, and in the past 11 days, sold another 20 million at an average price of $0.79. The overall average selling price was $1.16, meaning they made an approximate profit of $28.13 million on their LDO investment.