Million

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/brevan-howard-digital-transfers-1-63-million-in-ldo-to-binance/" data-wpel-link="internal">Brevan Howard Digital Transfers $1.63 Million in LDO to Binance</a> 
The US-based crypto investment firm Brevan Howard Digital (also known as Dragonfly Capital) has recently been found to have made a significant transaction in Lido DAO, a decentralized autonomous organization providing staking infrastructure for multiple blockchain networks. According to on-chain data, the company transferred LDO tokens worth $1.63 million to the cryptocurrency exchange <a href="https://en.coin-turk.com/binance-announces-expansion-of-fdusd-trading-pairs-including-doge-sol-and-xrp/" data-wpel-link="internal">Binance</a>. 
<h2 style="text-align: justify" id="strong-transferred-1-63-million-worth-of-ldo-to-binance-strong">Transferred $1.63 Million Worth of LDO to Binance</h2> 
The on-chain data platform Spot On Chain reported that Brevan Howard Digital recently moved 599,123 LDO tokens, valued at $1.63 million, to Binance, the world’s largest cryptocurrency exchange. Historical data shows that in the last four days, the company has deposited 2.45 million LDO tokens worth $6.77 million to Binance at an average price of $2.77 each. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-311729" src="https://coin-turk.com/wp-content/uploads/2024/02/Altcoin-LDO.jpeg" alt="" width="1788" height="1088"> 
Furthermore, Spot On Chain warned that Brevan Howard Digital’s wallet still contains 584,000 LDO tokens worth $1.6 million, which could also be transferred to the cryptocurrency exchange soon. 
<h2 style="text-align: justify" id="strong-ldo-continues-to-face-selling-pressure-strong">LDO Continues to Face Selling Pressure</h2> 
The fact that Brevan Howard Digital is moving large amounts of LDO to centralized cryptocurrency exchanges like Binance is a sign of direct asset sales. This situation can be considered a sign that the danger has not passed for investors of the altcoin, which has been moving downward under selling pressure for some time. 
According to CoinMarketCap data, LDO has seen a 1.40% decrease in the last 24 hours, trading at $2.74. Despite the price drop of up to 1.5%, the altcoin’s trading volume has increased by a significant 77%, reaching $73.58 million, indicating continued investor interest. 
Looking at past data, LDO’s price has fallen by 10.25% over the last 7 days, with the loss over the last 30 days reaching 15.81%. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/brevan-howard-digital-transfers-1-63-million-in-ldo-to-binance/" data-wpel-link="internal">Brevan Howard Digital Transfers $1.63 Million in LDO to Binance</a></h5>

Brevan Howard Digital Transfers $1.63 Million in LDO to Binance

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