$LDO is showing relatively concerning on-chain activity.
A long-term $LDO holder has started distributing after holding for several years. Over the past seven hours, the wallet sold a total of 1.017 million $LDO through CoW Protocol, receiving approximately $318,000.
The wallet still holds another 4 million $LDO, which could potentially be sold into the market and create further pressure on the price in the near term.
Wallet:
0x7eE09c11D6Dc9684D6D5a4C6d333e5b9e336bb6C
A long-term $LDO holder has started distributing after holding for several years. Over the past seven hours, the wallet sold a total of 1.017 million $LDO through CoW Protocol, receiving approximately $318,000.
The wallet still holds another 4 million $LDO, which could potentially be sold into the market and create further pressure on the price in the near term.
Wallet:
0x7eE09c11D6Dc9684D6D5a4C6d333e5b9e336bb6C