Stani Kulechov, founder and CEO of decentralized finance (DeFi) protocol Aave, one of the early investors of the Lido Finance project, has sold hundreds of thousands of LDOs left.
On-chain analytics platform lookonchain offered by data The reason behind LDO’s selling pressure is the project’s seed investor, Aave founder. Stani Kulichovabout the 700 thousand dollars corresponding 715,000 LDOs It turned out to be for sale. According to the aforementioned data, with the last sale, in 2020, 2 million LDOs Average selling price of Kulechov, who disposed of all $1.21 was recorded as. Thus, Kulichov More than $2 million in earnings has achieved.
Ethereum Merge before the update LDO/ETH staking pool LDO’s popularity skyrocketed during the period when it brought in hefty interest gains. However, in the post-Merge period, LDO interest waned and there was a major pullback in price with such selling pressures. LDO in 2022 from 70% suffered a great loss of value.
CoinGecko LDO price in last 7 days according to data provided by 20.3% depreciated by a percentage of its value and at the time of writing the news from $0.904 is being traded.
