Token

Lido DAO

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/brevan-howard-digital-executes-major-ldo-token-transfer-to-binance" rel="noopener noreferrer nofollow">Brevan Howard Digital Executes Major LDO Token Transfer to Binance</a><br></p>
<p style="text-align: justify">Brevan Howard Digital, a prominent US-based crypto investment firm also known as Dragonfly Capital, has shifted a substantial sum of Lido DAO (LDO) tokens to Binance, the leading <a href="https://en.bitcoinhaber.net/bitcoins-promising-metric-signals-potential-rally-according-to-analyst-cryptocon" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange platform. The transaction involved the transfer of LDO tokens valued at $1.63 million.</p>
<h2 id="substantial-ldo-token-transaction-detected">Substantial LDO Token Transaction Detected</h2>
<p style="text-align: justify">Analysis by the on-chain data service Spot On Chain revealed that Brevan Howard Digital recently sent 599,123 LDO tokens to Binance. The tokens have a market value of $1.63 million. Over the past four days, Brevan Howard Digital has moved a total of 2.45 million LDO tokens to Binance, worth approximately $6.77 million, with each token averaging $2.77 in value.</p>
<p style="text-align: justify">Spot On Chain also highlighted that the investment firm’s wallet still holds around 584,000 LDO tokens, currently worth $1.6 million, raising the possibility of additional transfers to the exchange in the near future.</p>
<h2 id="ldo-token-faces-ongoing-sell-off-risks">LDO Token Faces Ongoing Sell-Off Risks</h2>
<p style="text-align: justify">The relocation of large LDO holdings to Binance by Brevan Howard Digital suggests a trend towards selling the asset directly on the market. This pattern indicates persistent risks for LDO investors, as the altcoin has been experiencing a downtrend amid ongoing selling pressure.</p>
<p style="text-align: justify">Market data from CoinMarketCap reveals that LDO’s value has dipped by 1.40% in the last day, trading at $2.74. Despite this minor decline, trading volume for the altcoin has surged by 77%, signifying robust interest from traders and investors. However, a glance at the historical performance shows a 10.25% price reduction over the last week, with a month-long loss totaling 15.81%.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/brevan-howard-digital-executes-major-ldo-token-transfer-to-binance" rel="noopener noreferrer nofollow">Brevan Howard Digital Executes Major LDO Token Transfer to Binance</a></h5>

Brevan Howard Digital Executes Major LDO Token Transfer to Binance

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