A certain whale sold 626,487 LDOs at an average price of $2.57 in the past 2 hours.
According to Spot On Chain monitoring, a whale with an address starting with 0xdb1 sold 626,487 LDO tokens at an average price of $2.57 over the past 2 hours, in exchange for stablecoins and stETH worth $1.65 million. The whale had purchased 974,588 LDO tokens (worth $2.28 million) at an average price of $2.34 between December 5th and 10th, 2023, and began selling them for profit after LDO prices surged by 13% today. The whale still holds 100,000 LDO tokens (worth $261,000) and is expected to make a total profit of $234,000.
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