Whale Sells $LDO at a $900K Loss After 3-Year Hold

The post Whale Sells LDO at a $900K Loss After 3-Year Hold appeared first on Coinpedia Fintech News

LDO price has dropped 8.61% in the last 24 hours and is trading at $1.043. As the crash started, the whale address 0x9244 liquidated its entire Lido DAO token holdings after a three-year investment period. The whale sold 458.86K LDO tokens worth $489.6K in exchange for 181.6 ETH. The sudden exit came with a massive loss for the whale as the average price remained $2.50. This has led to an estimated loss of $900K. LDO token’s performance over the last year remains at a negative slope and has dropped by 61% YTD.