BlockBeats news reported that on November 9, on-chain data analyst Ember observed that Paradigm has been transferring LDO tokens out for 3 days in a row. They recently moved 11 million LDO tokens (worth about $14.08 million) to Coinbase Prime. Since November 7, 26.12 million LDOs (worth around $34.6 million) of the 70 million LDOs bought by Paradigm from Lido’s treasury have been transferred to Coinbase Prime, with an average price of $1.32.
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