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Crypto Whale Acquires 4.5 Million LDO in $1.86 Million OTC Trade

According to on-chain analyst Ember, the purchases followed Lido’s LDO buyback launch, while the same address also received 10,000 AAVE from Wintermute and FalconX over the past day.

LDO
AAVE

Summary

A suspected whale or institutional buyer acquired 4.5 million LDO through over-the-counter deals worth about $1.86 million, according to on-chain analyst Ember. The purchases came after Lido launched its LDO buyback. Over the past day, the same address also received around 4.5 million LDO and 10,000 AAVE from Wintermute and FalconX, with the AAVE valued at about $1.15 million at current prices.

Terms & Concepts
  • OTC (over-the-counter) trade: A private transaction conducted directly between parties instead of through a public exchange order book.
  • LDO buyback: A token repurchase program in which Lido buys back its LDO token, typically to support treasury or market-related objectives.
  • AAVE: The native token of the Aave protocol, a decentralized finance platform focused on crypto lending and borrowing.