Institutions Move Major LDO Holdings to Exchanges
BlockBeats reports, citing Lookonchain data, that multiple institutional wallets have collectively transferred 48.48 million LDO tokens—worth approximately $45.6 million—into centralized exchanges over the past month via wallet address 0xC4Db.
Notably, Paradigm Capital recently moved 10 million LDO tokens (valued at $8.41 million) to the same wallet, suggesting the possibility of additional sales ahead.