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Lido DAO (LDO), which has been the favorite of individual and corporate whales lately, is at the level of 2.5 dollars.
While whales continue to buy LDO, the latest news came from Lookonchain.
According to Lookonchain's post, the whale, which has been purchasing LDO since October, has already made a profit of $1.4 million from its LDO investment.
But the whale did not stop. In order to buy LDO again, Balina deposited all of her LDOs into Aave and borrowed 1.56 million USDT.
“Whale is optimistic about the LDO price.
One whale bought 2 million LDO (valued at $3.6 million) at an average price of $1.79 since October 2nd, making a profit of $1.4 million at the current price.
Whale deposited the entire 2 million LDO into Aave and borrowed 1.56 million USDT to purchase more LDOO.”
A whale is long $LDO.
This whale bought a total of 2M $LDO($3.6M) at ~$1.79 since Oct 2, with a profit of ~$1.4M at the current price.
The whale deposited all 2M $LDO($5M) to #Aave and borrowed 1.56M $USDT to buy more $LDO.https://t.co/msOCypGH8i pic.twitter.com/p6bmAeVo76
— Lookonchain (@lookonchain) November 24, 2023
*This is not investment advice.