🤑 Institutions Sell LDO
It looks like major players have started exiting the Lido DAO (LDO) token en masse. Over the past month, 48.48 million tokens worth over $45.6 million have already been sent to exchanges via the same wallet, 0xC4Db.
🔽 And that's not all: just 9 hours ago, Paradigm Capital moved another 10 million LDO there (worth $8.41 million). It looks like they're getting ready for a new wave of sales.
🕯 When institutions dump assets on the exchanges, it is often a signal for further pressure on the price. LDO could be in for a serious drawdown if the trend continues. Therefore, it could be a great entry point for a Short or a signal to exit before the fall.
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