An early Lido investor or institution moved 4.3 million LDO to Kraken about an hour ago after holding the token for five and a half years, according to on-chain analyst Ember on X. The transfer was valued at $1.61 million at the time of the post. Ember said the address, identified as 0xfB03...FF95, originally received an investment allocation of 5 million LDO in December 2020. At the token’s 2021 peak, that allocation was worth $30 million, while its current value stands at $1.88 million. Based on an acquisition cost of $0.0085 per token, the current price still implies a profit of more than 40x for the holder. The update focused on the token movement and the historical cost basis disclosed by the analyst.
Odaily reported that on-chain analyst Ember said in a post on X that an early Lido investor or institution address, 0xfB03...FF95, transferred 4.3 million LDO to Kraken about an hour earlier after holding the tokens for five and a half years. The transferred amount was valued at $1.61 million.
According to Ember, the investor or institution received an investment allocation of 5 million LDO in December 2020. That allocation was worth $30 million at its 2021 peak and is now valued at $1.88 million.
Based on an acquisition cost of $0.0085 per LDO, the current price still represents a return of more than 40x.
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