The bear market in 2022 has many cryptocurrency caused a drop in price.
Among these cryptocurrencies Lido Finance (LDO) there is also. Investor interest in LDO, which experienced constant decreases throughout November and December, also decreased and started to sell the tokens in its hands.
One of the pioneers of decentralized finance among investors selling their LDO tokens. Stani Kulechov, founder of Aave (AAVE) there is also.
On-chain data platform Lookonchain shared aave stated that its founder sold his last Lido Finance token.
Lookonchain, Stani Kulechov announced that it has sold 715,000 LDO tokens worth approximately $667,269 remaining on December 21.
Stating that the founder of Aave is one of the seed investors of Lido Finance, Lookonchain said that Kulechov completely sold the 2 million LDO allocated to him on December 17, 2020.
It was also stated that the Aave founder’s LDO average selling price was $1.21.
“Aave founder Stani Kulechov sold 715,000 LDOs worth $667,269 6 hours ago.
Stani Kulechov is one of the seed investors of Lido Finance.
And now it has sold all of its 2 million LDOs allocated on December 17, 2020. Average selling price is $1.21.”
Stani Kulichov(@StaniKulechov) left 715,000 $LDO($667,269) 16 hours ago.
Stani Kulechov is one of the seed round investors of @LidoFinance.
And he has sold out all the 2M $LDO allocated on December 17, 2020 now.
His average selling price is $1.21.https://t.co/0AFwzS0Q6t pic.twitter.com/ukJbD6RN6Z
— Lookonchain (@lookonchain) December 22, 2022
Three Arrows Capital and Alameda Research, which went bankrupt in 2022, were among the investors of Lido Finance, which received $73 million in investments from many major crypto companies, including Paradigm and Coinbase Ventures, in May 2021.
In addition, LDO, which has been in a serious downward trend since August 2022, aave It has dropped 17.64% in the last 24 hours after its founder’s last sale.
LDOcontinues to trade at $ 0.91 at the time of writing.
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