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

Odaily Planet Daily News: On-chain analyst Yu Jin posted on platform X that Lido's 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. The investor/institution received an allocation of 5 million LDO in December 2020, which was worth $30 million at its peak in 2021 and is now worth $1.88 million. Compared to their acquisition cost of $0.0085 per token, the current price still represents a profit of over 40 times.