Brevan Howard Digital, a leading name in the digital asset space, was reportedly involved in serious sales transactions in the Lido Finance (LDO) altcoin.
It is claimed that the company deposited LDO to central exchanges through two addresses.
Address 0x4c3, allegedly linked to Brevan Howard Digital, reportedly deposited 3.25 million LDO ($4.95 million total) to Binance since September 6 at a price of $1.52.
On the other hand, the company may have deposited a total of 6.5M LDO ($9.89M) to Binance and Coinbase Prime at a price of $1.52 since September 5 through two addresses: 0x7d6 and 0x4c3.
Of these 6.5 million LDO, 500 thousand LDO were transferred from two addresses to Binance and Coinbase Prime in the last 24 hours for an average of $ 1,538 ($769 thousand in total).
Cryptocurrency investment firm Brevan Howard Digital currently has a total estimated earnings of just $4.2 million. Here is the explanation:
The company accumulated a total of 23.8 million LDO from Copper, Binance and decentralized exchanges between July 15, 2021 and July 23, 2023, at an average price of $1.85 (valued at $44.2 million).
The company currently holds LDO 8 million ($12.9 million). This means its estimated unrealized loss is $1.87 million. Allegedly, company addresses sold a total of 15.8 thousand ETH at an average price of $ 2,237 through decentralized exchanges and multiple exchanges, including OKX, Binance and Coinbase Prime, since August 15, 2021. From here, the company's estimated realized earnings are $6.07 million.
*This is not investment advice.
