Lookonchain Identifies Ongoing LDO Accumulation by FalconX

• Lookonchain has identified significant transactions involving LDO.
• FalconX has accumulated 6.48 million LDO in the past five days.
• Transactions performed by FalconX include a one-time withdrawal of 1.23 million LDO.

Lookonchain, the smartmoney on-chain platform, has identified significant transactions involving LDO, the native coin of the liquid staking solution, Lido. According to Lookonchain, FalconX, an institutional crypto trading platform, has accumulated 6.48 million LDO, equivalent to $9.8 million from Binance, in the past five days.

FalconX withdrew 1.23M $LDO ($1.86M) from #Binance again today.#FalconX has accumulated a total of 6.48M $LDO ($9.8M) from #Binance in the past 5 days.https://t.co/Nc3oc607da pic.twitter.com/10XR7lGxbR

— Lookonchain (@lookonchain) October 13, 2023

According to Lookonchain, the transactions performed by FalconX include a one-time withdrawal of 1.23 million LDO, worth $1.86 million, from Binance today, October 13. Before this withdrawal, Lookonchain posted on October 11 that FlaconX withdrew 5.25 million LDO, equivalent to $8.13 million, within three days. Hence, the smartmoney on-chain platform suggests that FalconX is …

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