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After holding LDO for five and a half years, Lido’s initial investors transferred 4.3 million LDO to Kraken.
Svmuu News: On-chain analyst Yu Jin posted on X, stating that an early investor/institution in Lido (0xfB03... FF95), after holding LDO for five and a half years, transferred 4.3 million LDO to Kraken one hour ago, worth $1.61 million. This investor/institution received an investment allocation of 5 million LDO in December 2020; at its peak in 2021, the holdings were worth $30 million, and they are currently valued at $1.88 million. Compared to their investment cost of $0.0085 per token, the current price still represents a profit of more than 40 times.
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Source：Odaily · Source Link
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