KR1 just further deposited 399,999 LDO ($500K) to Kraken and transferred 3.4M LDO ($4.25M) to a likely new, internal wallet, 0x763:

• deposit transaction: 0xb089f214cccea2a2f2a99666e47434bad8228e560e9d0811654c37cea165ce4a
• transfer transaction: 0xdb4d4cfe7fa3802c02cf1faa144ec2b230d0700088d4df09c356cb14981172c1
• main address: 0xfb7a4d4c7cb5f1b755ca2b77e391e25470029ae4
• new address: 0x7632399bfe466c25ed7b1b598030efe0deecd555
• These addresses belong to the entity KR1

Notably, KR1 is an initial DAO member of Lido Finance, receiving 15M LDO from Lido Finance on December 17, 2020. After a year without significant activities, KR1 has returned and deposited 599,999 LDO to Kraken at an average price of $1.249 ($749K) in the last 3 days as the market rallied.

Currently, KR1 still holds 11.4M LDO ($14.25M).

The LDO dropped 11.04% in the past 24 hours, after 3 initial Lido DAO members, including Paradigm Capital, Delphi Digital, and KR1, offloaded 37.97M LDO ($49.58M) to CEXs during last week's rally.

Fig 1. KR1 deposited 599,999 LDO ($749K) to Kraken in the past 3 days.

Fig 2. KR1's overall LDO trading history (excluding the 15M LDO received from Lido Finance).

Fig 3. Three initial Lido DAO members, including Paradigm Capital, Delphi Digital, and KR1, offloaded 37.97M LDO ($49.58M) to CEXs during last week's rally.