An address suspected to belong to the Lido team has transferred 6.7 million LDO to CEX in the past 24 hours.

BlockBeats News, on May 17, according to on-chain data analyst Yu Jin's monitoring, an address suspected to belong to the Lido team has transferred 6.7 million LDO (approximately 6.61 million USD) to Binance, OKX, Bybit, and Gate in the past 24 hours.

This organization or team has cumulatively transferred 17.81 million LDO (approximately 18.14 million USD) to CEX in the last 4 days. The price of LDO has also retraced from 1.16 USD to the current 0.93 USD during this period, a decrease of 20%.