Brevan Howard Digital, one of the leading funds in the cryptocurrency industry, reportedly continues its sales in the altcoin named Lido Finance (LDO).
At this point, according to Spot on Chain’s post, the famous crypto VC deposited 599,123 LDO (worth $1.63 million) to Binance at $2.72 during the day.
It was also stated that Brevan Howard Digital deposited 2.45 million LDO (total of 6.77 million dollars) with an average of 2.77 dollars for the last 4 days.
Stating that the company currently has 584 thousand LDOs (worth 1.6 million dollars) left, Spot on Chain said that the company may soon move the remaining LDOs to the stock exchanges.
“Brevan Howard Digital (aka Dragonfly Capital) deposited 599,123 LDO ($1.63 million) to Binance at $2.72 approximately 2 hours ago.
Over the last 4 days VC deposited 2.45 million LDO (valued at $6.77 million) on CEX at around $2.77.
The company has 584 thousand LDOs (worth $1.6 million) left and may move them soon!”
Finally, it was stated that the company’s total profit from LDO trade was 9.17 million dollars with a 21% profit rate.
LDO, which has decreased by 10% in the last week and 1.8% in the last 24 hours, continues to be traded at $ 2.74 at the time of writing.
Brevan Howard Digital (aka Dragonfly Capital) deposited 599,123 $LDO ($1.63M) to #Binance at $2.72 ~2hrs ago.
In the past 4 days, the VC has deposited 2.45M $LDO ($6.77M) to CEX at ~$2.77,
and may move out the remaining 584K $LDO ($1.6M) soon!
Est. total profit: $9.17M (+21%).… pic.twitter.com/PUDGosuP5V
— Spot On Chain (@spotonchain) February 6, 2024
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Source: https://en.bitcoinsistemi.com/the-famous-giant-company-secretly-continues-to-dump-this-ethereum-based-altcoin/