Paradigm Capital Transfers Another 10 Million LDO This Morning, Expected to Sell via CEX
According to Jinse Finance, Ember monitoring shows that Paradigm transferred its remaining 10 million LDO (worth $7.42 million) 10 hours ago. These LDO tokens will continue to flow into multiple centralized exchanges (CEX) in the coming days. Four years ago, Paradigm purchased 70 million LDO from the Lido treasury via OTC at a price of $0.76 per token. Last November, they sold 50 million tokens at an average price of $1.31, and in the past 11 days, they sold 20 million tokens at an average price of $0.79. The overall average selling price for the transferred tokens was $1.16, meaning they made approximately $28.13 million in profit from their LDO investment.
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