CandleFocus Lido DAO Founders Offload $LDO Tokens Amid Market Volatility
2024-11-21
Author: Content Editor
Chun Wang, co-founder of Stakefish and F2Pool, has sold 600,000 $LDO tokens worth $667,000, marking his return to the DeFi sector after a ten-month hiatus. Wang originally acquired 20 million $LDO coins in December 2020 and currently holds 8 million tokens worth $8.69 million. This sale follows similar offloading of $LDO tokens by other Lido DAO founding partners in November. Paradigm sold 36.51 million $LDO coins worth $47.7 million, Delphi Digital shifted 859,703 $LDO coins worth $1.13 million, and KR1 plc deposited 600,000 $LDO coins worth $749,000 to Kraken. These sales have sparked concerns about volatility in the market.
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