An address believed to be linked to Nansen CEO Alex Svanevik has deposited 1 million LDO tokens, valued at approximately $1.46 million, to the Coinbase exchange. This transaction, reported by EmberCN, occurred roughly 30 minutes ago and raises questions within the cryptocurrency community about potential market implications. The address in question initially received 5 million LDO tokens from Lido in December 2020. Prior to this deposit, it still held 1 million LDO. Such a large transfer to a major exchange like Coinbase often precedes a sale, leading some to speculate on downward price pressure for LDO. The motivations behind Svanevik, or whoever controls the address, remain unclear. The crypto market will be watching closely to see how this large LDO deposit influences price action in the short term. Analyzing on-chain data from platforms like Nansen might provide further insights into this significant transaction. ```