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Suspected Insider Opens $5.16 Million Leveraged Long on Lido DAO Token

Suspected Insider Opens $5.16 Million Leveraged Long on Lido DAO Token

According to Lookonchain, addresses linked to the suspected APE insider have realized about $50,000 on one LDO long while another wallet still holds 5.96 million LDO with roughly $250,000 in unrealized profit.

LDO
APE

Fact Check
The claim is strongly supported by the original Lookonchain X post, x post 2048573901270315164, which directly states the two key figures: one wallet closed its LDO long for a $50K profit and another still held 5.96M LDO with about $250K unrealized profit. This is independently echoed by PANews article 疑似APE内幕人士一钱包平仓多单获利5万美元，另一钱包持仓浮盈25万美元 and Odaily article 疑似 APE 内幕人士做多 LDO 浮盈约 30 万美元, both of which attribute the information to Lookonchain and reproduce the same numbers. The broader framing that this was a suspected insider and that the position was a leveraged LDO long of about $5.16 million is additionally supported by the earlier PANews article 曾从APE获利227万美元的疑似内幕人士，现以5倍杠杆做多LDO. Minor valuation differences across reports appear to reflect price movement over time rather than contradiction.
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Summary

According to blockchain analytics firm Lookonchain, addresses linked to the suspected APE insider accumulated about $300,000 in profit from Lido DAO Token long positions. One related wallet closed an LDO long for about $50,000 in realized profit, while another wallet continues to hold 5.96 million LDO valued at about $2.65 million with roughly $250,000 in unrealized gains. The update adds outcome data to earlier reports that the trader had opened a $5.16 million 5x leveraged long on LDO and had previously been linked to a one-day $2.27 million ApeCoin trade.

Terms & Concepts
  • Lido DAO Token: The governance token of Lido, a liquid staking protocol built around proof-of-stake networks.
  • long positions: Trades that profit if an asset’s price rises; when leveraged, they can increase both gains and losses.
  • unrealized profit: A paper gain on an open position that has not been locked in through a sale or closure.