Investment institutions close all positions in LDO to profit 28.13 million USD, 10 million coins may flow into the exchange.

According to on-chain data analysis, a well-known investment institution recently completed the transfer of its last batch of LDO Tokens. This batch of approximately 10 million LDO (worth about 7.42 million USD) is expected to flow into several centralized trading platforms in the near future.

The institution initially purchased 70 million LDO from the Lido project through over-the-counter transactions at a price of $0.76 per token four years ago. In November last year, the institution sold 50 million of them at an average price of $1.31. In the last 11 days, it has sold another 20 million at an average price of $0.79.

Comprehensive calculations show that the overall average selling price for this investment by the institution is approximately 1.16 dollars per coin. Through this series of operations, the investment institution expects to profit about 28.13 million dollars from this LDO investment.

This trend has sparked market attention on the future movement of the LDO Token. As the governance token of the Lido project, the price fluctuations of LDO are often closely related to the development trend of the entire decentralized finance ecosystem.