Lido Growth Committee Multi-Signature Wallet Receives 4.82 Million LDO, Possibly Related to Buyback Execution

According to on-chain analyst Yu Jin's monitoring, in the early hours of today, 4.82 million LDO (approximately $1.81 million) were withdrawn from Binance and transferred to a multi-signature wallet managed by the Lido Growth Committee. The related wallet is indicated to be used for executing buyback matters.

Lido passed a proposal three days ago to use up to 10,000 stETH for repurchasing LDO. The Growth Committee also announced the execution parameters for the first 1,000 stETH buyback two days ago. Furthermore, the multi-signature wallet received 4.82 million LDO from market maker Portofino in the early hours of today.