1 year ago
Stani Kulechov, the laminitis of Aave and Lens Protocol, sold 715,000 LDO tokens connected Dec. 21 information from Etherscan showed.
The tokens were worthy astir $667,200 arsenic of property time, the batch represented the past of the Lido DAO Token allocation Kulechov got arsenic a seen capitalist successful Lido Finance.
In December 2020, Kulechov was allocated a full of 2 cardinal tokens successful speech for his concern successful Lido. He held the tokens until the extremity of 2021 erstwhile helium offloaded 50,000 LDO successful the archetypal of galore transactions.
Screengrab showing Stani Kulechov’s LDO code and transactions (Source: Etherscan)Spaced weeks apart, Kulechov’s transactions varied from 50,000 LDO to arsenic overmuch arsenic 715,000 LDO. The mean selling terms for his tokens was astir $1.21 — the token was trading astatine astir $0.90 astatine property time.
Kulechov’s 715,000 LDO transaction enactment rather a spot of selling unit connected the token, which was its terms alteration from conscionable nether $1.00 connected Dec. 19 to a six-month debased of $0.89. The token is present backmost to its July lows erstwhile it mislaid implicit fractional of its worth pursuing the Terra crash.
Graph showing the terms of the Lido DAO Token successful 2022 (Source: CryptoSlate)It’s inactive excessively aboriginal to archer whether Kulechov offloading his LDO volition person a semipermanent interaction connected the token’s liquidity. The token has been connected a downward spiral since August, prevention for a fewer anemic corrections.
The station Aave laminitis offloads full LDO container implicit 12 months for a full of $2.4M appeared archetypal connected CryptoSlate.
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