Whale Address Sells All LDO Tokens at a Loss After Three Years

According to PANews, monitoring by Spot On Chain revealed that a whale address, 0x9244, has sold all its LDO tokens at a loss after holding them for three years. An hour ago, the address exchanged 458,860 LDO tokens, worth approximately $489,600, for 181.6 ETH. These LDO tokens were primarily accumulated from various wallets three years ago at an average price of $2.50 each, resulting in an estimated loss of $900,000 in this transaction. Currently, the price of LDO is at a low point, having decreased by about 40% compared to the same period last year.