An Lido initial investment institution transferred 4.3 million LDO tokens to Kraken an hour ago

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PANews July 17 news: According to Yu Jin, an initial Lido investment institution transferred 4.3 million LDO (about $1.61 million) to the exchange Kraken about an hour ago after holding LDO for roughly five and a half years. On-chain data shows that the institution received an allocation of 5 million LDO in December 2020. During the peak period in 2021, the market value of LDO once reached about $30 million. The total value of the tokens currently held is about $1.88M. Based on its token acquisition cost of about $0.0085 per coin, even at current price levels, the investment still realizes more than 40x paper gains.

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