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Brevan Howard Digital Transfers 2 Million LDOs Worth $3.07 Million In 2 Weeks

source-logo  news.coincu.com 19 September 2023 16:52, UTC
Over the past half-month, the investment firm has executed a transfer of 2 million Lido (LDO) tokens, equivalent to approximately $3.07 million. This action has piqued the interest of crypto enthusiasts and market watchers alike.

The data, shared by Yu Jin, showcases a consistent trend in Brevan Howard Digital’s LDO transfers since March 2. The firm has transferred a substantial 9.04 million LDO tokens, valuing around $21.66 million, to Centralized Exchanges (CEX) during this period, with an average price of $2.4 per token. These transfers have been distributed among prominent exchanges as follows:

At the time of this report, Brevan Howard Digital maintains ownership of 5.83 million LDOs, equivalent to approximately $9.16 million. This indicates that the recent transfer represents a substantial portion of their LDO holdings.

These strategic movements by Brevan Howard Digital have prompted speculation within the cryptocurrency community regarding their investment strategy and potential market insights. The cryptocurrency landscape is known for its dynamic nature, and actions of major entities like Brevan Howard Digital can influence market sentiment and token prices.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.