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APE insider deposits 10.26 million LDO, losing 194,000 USD
Tracked wallets have closed long positions of 10.26 million LDO, incurring a loss of approximately $194,000.
This transaction is valued at about $4.58 million and reflects that the related wallet group has exited their long position instead of continuing to hold. It is currently unclear whether they have opened new trades.
The scale of the position closed
The wallets mentioned have liquidated all 10.26 million LDO, equivalent to approximately $4.58 million. The loss recorded is around $194,000.
Implications for LDO's short-term movement
Closing a large position can reduce pressure from a leveraged trading group, but it is not enough to determine the broader price trend. Current data does not provide additional details about the timing of the trade or the next strategy.
Summary
This is a large-scale exit trade with the loss already realized. The market's remaining direction will depend on price reactions and position fluctuations in the upcoming sessions.
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