As the LDO price surged over 18% in the past 7 days and went beyond its 1-year ATH at $3.31 today, it is imperative to know what big whales are doing and whether they may cash out soon:

From on-chain data, two big whales still hold 13.9M LDO ($46M) with a high joint unrealized profit of $18M.

1. Amber Group-related whale 0xbee:

• Current holding 10.89M LDO ($36M)
• Unrealised profit: $13.3M (+59%)
• Average buying price: ~$2.07
• Accumulation period: between August 18 (after the mark crash) and December 23, 2023 from Binance
• Address: 0xbee2b691e148ab6237107605a43f5ef6896c478a
• This address allegedly belongs to Amber Group

2. Brevan Howard Digital (formerly Dragonfly Capital) 0x4c3 and 0x7d6:

• Current holding: 3.03M LDO ($10M)
• Unrealised profit: $4.7M (+88%)
• Average buying price: ~$1.76
• Accumulation period: on May 8 and July 23, 2023 from Binance
• Address 1: 0x4c30c9adacda9080d85dc086a64e628415a07f88
• Address 2: 0x7d68a49754c55f1fb410f535f2b82a16f64481b6
• These addresses belong to Brevan Howard Digital

Fig 1. The LDO price surpassed its one-year ATH at $3.31 just now.