The London Stock Exchange-listed digital asset technology company is also an investor in Lido, with the transfer flagged by on-chain analyst Ember.
KR1 plc transferred 3.7 million LDO valued at $990,000 to Kraken about one hour before the report, a move tracked by on-chain analyst Ember. KR1 plc is a London Stock Exchange-listed digital asset technology company and also an investor in Lido, the protocol associated with the LDO token. Large token deposits to exchanges are often watched by traders because they can indicate positioning for a sale, although the transfer alone does not confirm intent.