Individual and institutional investors who think that the bullish trend has begun in the Bitcoin and cryptocurrency markets and that the current levels are suitable for purchases are making purchases.
At this point, Falcon
According to Lookonchain's post, Falcon X continues to add Lido DAO (LDO) to its portfolio. Accordingly, Falcon X purchased 1.26 million LDO worth $ 3.2 million from Binance today.
Falcon X purchased 4.9 million LDOs worth a total of $12 million last week.
Apart from FalconX, the address considered to be related to another corporate company, Amber Group, also withdrew LDO from Binance.
Accordingly, this address received .47 million LDO worth $ 3.6 million from Binance today. This address also received a total of 5.9 million LDOs worth $14.5 million in the last 3 months.
“Institutions appear to be accumulating LDO.
Address 0x011D (associated with Amber Group) attracted 1.47 million LDO ($3.6 million) from Binance. It also purchased a total of 5.9 million LDO ($14.5 million) in the last 3 months.
Apart from Amber, Falcon X received 1.26 million LDO ($3.1 million) from Binance. It also pulled in a total of 4.9 million LDO ($12 million) last week.”
LDO, which has increased by 10% in the last 24 hours, continues to be traded at $ 2.5 at the time of writing.
It seems institutions are accumulating $LDO.
0x011D(related to #Amber) withdrew 1.47M $LDO($3.6M) from #Binance 4 hrs ago, totally 5.9M $LDO($14.5M) in the past 3 months.#FalconX withdrew 1.26M $LDO($3.1M) from #Binance 4 hrs ago, totally 4.9M $LDO($12M) in the past week. pic.twitter.com/H9V6ALd2Sr
— Lookonchain (@lookonchain) November 20, 2023
*This is not investment advice.