Token

Lido DAO

The cryptocurrency whale with the short name 0xdb1 sold 626,487 Lido DAO Tokens (LDO) for a total of 1.65 million dollars. 
In the transaction, LDO was exchanged for stablecoin and stETH at an average price of $ 2.63. At the time of this writing, LDO price is trading at $2.56. 
This sale is part of extensive trading activity by the whale, which has sold a total of 874,587 LDOs, equivalent to $2.25 million, at an average price of $2.57 via Decentralized Exchanges (DEX) in the last 13 hours. 
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Whale purchased 974,588 LDOs worth $2.28 million between December 5-10, 2023, at an average price of $2.57. Whale started taking profits after the LDO price increased by 13% today. 
Despite the large volume of sales, the whale still retains a significant amount of LDO. The whale currently holds 100,001 LDO worth $261,000. The estimated total profit from these transactions is approximately $234,000. 
Following the whale's initial LDO sale, the LDO price experienced a slight decline, falling approximately 3% from today's high of $2.7. 
<figure id="attachment_130060" aria-describedby="caption-attachment-130060" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-130060" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/12/LDO_7D_graph_coinmarketcap.png" alt="" width="928" height="495">
 <figcaption id="caption-attachment-130060" class="wp-caption-text">
 Graph showing the rise in the LDO price over the last week.
 </figcaption>
</figure> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/opportunistic-whale-makes-big-sale-of-rallying-altcoin/">Opportunistic Whale Makes Big Sale of Rallying Altcoin</a>

Opportunistic Whale Makes Big Sale of Rallying Altcoin

Bitcoin Sistemi EN

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