3h ago, FalconX deposited 11.468m $LDO worth $4.4m to Binance’s hot wallet, creating significant selling pressure. The question is whether the market can absorb these tokens if they are sold, or whether this is simply a psychological game. Around 2mo ago, on May 28, FalconX also deposited 3.5m $LDO worth approximately $1.13m to Binance. LDO’s price then plunged from $0.32 to $0.24 before rebounding to $0.41. Let’s wait and see whether FalconX will repeat the same move it made two months ago!