A well-known institution closed all positions of 10 million LDO, expecting inflow to the exchange.

Recently, on-chain data shows that a well-known investment institution transferred out its last 10 million LDO tokens in just 10 hours, valued at approximately $7.42 million. This batch of tokens is expected to gradually flow into multiple Centralized Exchanges in the near future.

The institution acquired a total of 70 million LDO from the Lido project treasury through over-the-counter trading at a price of $0.76 each four years ago. In November last year, the institution sold 50 million LDO at an average price of $1.31. In the last 11 days, it sold another 20 million at an average price of $0.79.

Overall, the average selling price of this institution's investment is $1.16. It is estimated that the total investment return is approximately $28.13 million. This series of trading actions has attracted widespread attention from the market and also reflects institutional investors' certain views on the prospects of the LDO Token market.

This move may have a certain impact on the market supply and demand relationship of LDO. However, the specific degree of impact needs to be further observed in market reactions. At the same time, this also reminds investors to closely monitor the investment trends of large institutions, as these actions often reflect the potential trends of the market.