A crypto whale is taking a long position on Lido (LDO), which provides staking services for proof-of-stake cryptocurrencies.
According to data shared by the blockchain analysis platform Lookonchain, a whale has increased by approximately $1.4 million He purchased 2 million LDOs at an average price of $1.79 with earnings.
Balina later transferred the 2 million LDO he received to Aave and buy more LDO Borrowed 1.56 million USDT for
Aave, a decentralized cryptocurrency platform, allows users to borrow/lend cryptocurrencies through smart contracts.
According to CoinGecko data, Lida DAO (LDO) has gained more than 13% in value in the last week.