Two addresses suspected of being from the same institution transferred 2.84 million LDOs to Coinbase, worth approximately US$8.4 million.

On-chain analyst @ai_9684xtpa’s monitoring pointed out that two addresses that have accumulated a large amount of LDO tokens have recently transferred 2.84 million LDO to Coinbase, worth approximately US$8.4 million. These LDOs were transferred in batches between January 8 and January 26, 2023, and are suspected to belong to the same person or institution. According to the analysis, the average cost of these LDO tokens is $2.95, and if all were sold, a profit of about $170,000 would be achieved.