According to BlockBeats, monitoring by Lookonchain reveals that several institutional wallets have deposited a total of 48.48 million LDO tokens, valued at $45.6 million, into centralized exchanges over the past month through wallet 0xC4Db.
Recently, Paradigm Capital transferred 10 million LDO tokens, worth $8.41 million, to wallet 0xC4Db, indicating potential further sales.
