Brevan Howard Digital, one of the leading funds in the cryptocurrency industry, reportedly continues its sales in the altcoin named Lido Finance (LDO).
At this point, according to Spot on Chain’s post, the famous crypto VC deposited 599,123 LDO (worth $1.63 million) to Binance at $2.72 during the day.
It was also stated that Brevan Howard Digital deposited 2.45 million LDO (total of 6.77 million dollars) with an average of 2.77 dollars for the last 4 days.
Stating that the company currently has 584 thousand LDOs (worth 1.6 million dollars) left, Spot on Chain said that the company may soon move the remaining LDOs to the stock exchanges.
“Brevan Howard Digital deposited 599,123 LDO ($1.63 million) to Binance at $2.72 approximately 2 hours ago.
Over the last 4 days VC deposited 2.45 million LDO (valued at $6.77 million) on CEX at around $2.77.
The company has 584 thousand LDOs (worth $1.6 million) left and may move them soon!”
Finally, it was stated that the company’s total profit from LDO trade was 9.17 million dollars with a 21% profit rate.
LDO, which has decreased by 10% in the last week and 1.8% in the last 24 hours, continues to be traded at $ 2.74 at the time of writing.
*This is not investment advice.