BlockBeats News, July 17th, according to ChainNews. An early investor/institution of Lido transferred 4.3 million LDO ($1.61 million) to Kraken after holding it for five and a half years, just an hour ago.

This institution received an allocation of 5 million LDO in December 2020, which was worth $30 million at the peak in 2021, but is now valued at only $1.88 million. However, their cost basis for the coins was only $0.0085, so even at the current price, they still have over 40 times profit.