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

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.

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