PANews reported on November 7 that according to on-chain analyst Ember’s monitoring, LDO’s price rose 37% today, and crypto investment institution Paradigm transferred/sold LDO for the first time after the rise. On-chain data showed that Paradigm transferred 8.18 million LDO (about 11.29 million US dollars) to Coinbase Prime 3 hours ago.
Paradigm's LDO originated in May 2021, when it purchased 70 million LDO from the Lido Treasury at $0.76 per coin through over-the-counter (OTC) transactions. This transfer is Paradigm's first sale of LDO.
