Recording great rises in the rally since the beginning of 2023, Ethereum (ETH) with staking service Lido DAO (LDO) went into decline.
On-chain analytics platform lookonchain in today’s post Terra-LUNA US-based trading firm hit hard by its collapse Jump TradingHe said that . started transferring Lido DAO tokens to Binance.
of Jump Trading LDO cryptocurrency exchange tokens Binance’Stating that the LDO price decreased after each transfer to e, Lookonchain stated that the LDO price decreased by 10% and then by 5%.
According to the post, Binance four days ago LDO Jump Trading, which started to transfer, made its last transfer yesterday.
“We noticed that Jump Trading started transferring LDO to Binance 4 days ago and after that the price of LDO dropped 10%.
13 hours ago, Jump Trading started transferring LDO to Binance again and after that, the price of LDO dropped by 5%.”
Still in Jump Tarding’s hands LDO Stating that it is a token, Lookonchain added that the LDO price may decrease again in the company’s next Binance transfer.
“Jump Trading still has 3.92 million LDOs ($8.2 million).
The LDO price may decrease again the next time Jump Trading transfers LDO to Binnace.”
21.19% in the last 7 days and 2.7% in the last 24 hours. LDO At the time of writing, it is trading at $2.07.
We noticed that Jump Trading started transferring $LDO to #Binance 4 days ago, and after that, the price of $LDO dropped by ~10%.
13 hours ago, Jump Trading started transferring $LDO to #Binance again, and the price of $LDO dropped by ~5% after that.https://t.co/rxksXerU8Y pic.twitter.com/UtcSsyYK3j
— Lookonchain (@lookonchain) January 31, 2023
*Not investment advice.
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