After holding LDO for five and a half years, an Lido initial investor transferred 4.3 million LDO to Kraken

Odaily News On-chain analyst Yujin posted on X, stating that an Lido initial investor/institution (0xfB03...FF95), after holding LDO for five and a half years, transferred 4.3 million LDO to Kraken an hour ago, valued at $1.61 million. This investor/institution received an allocation of 5 million LDO as an investment in December 2020, which was worth $30 million at its peak in 2021, and is currently valued at $1.88 million. Compared to their investment cost of $0.0085 per token, the current price still represents a profit of over 40 times.