Paradigm Completes Final Sale of 10 Million LDO Tokens Worth $7.42 Million

Paradigm's liquidation of LDO tokens underscores its successful investment strategy, having realized a total profit of approximately $28.13 million over four years.

LDO

Summary

Paradigm has finalized the sale of its last 10 million LDO tokens, valued at $7.42 million, transferring them to multiple centralized exchanges. The firm initially acquired 70 million LDO from Lido's treasury at $0.76 each, culminating in an overall average exit price of $1.16 per token and a total profit of approximately $28.13 million over four years.

Terms & Concepts
  • LDO: Lido DAO Token, the governance token for the Lido Finance protocol, allowing holders to participate in decision-making.
  • CEX: Centralized Exchange, a platform for trading cryptocurrencies that is operated by a centralized organization.
  • OTC: Over-the-Counter, a method of trading securities directly between two parties without a formal exchange.