An institution or team has transferred 6.7 million LDO to CEX in the past 20 hours, and 17.81 million LDO to CEX in the past 4 days

PANews reported on May 17 that according to on-chain analyst Yu Jin’s monitoring, another 6.7 million LDO (US$6.61 million) entered Binance, OKX, Bybit, and Gate in the past 20 hours. The organization or team has transferred 17.81 million LDO (US$18.14 million) to CEX in the past four days. The price of LDO also fell from US$1.16 to the current US$0.93 during this period, a drop of 20%.

Yesterday, it was reported that in the past three days, two addresses, including one that may belong to the Lido team, transferred 11.11 million LDO (11.53 million US dollars) to Binance, OKX, Bybit, and Gate.