Paradigm Capital just transferred 10M LDO ($8.41M) to Wintermute Trading after 7 months of inactivity with the token:

• transaction: 0x8a06743c61aa0fc0a107236522bcef1aecdb1d79f167851db595c0b871187593
• address: 0x56664544f49bb5e69e12fa29b91142fa3ba15aee
• This address belongs to the entity Paradigm Capital

Notably, Paradigm:

• Paradigm used 15,120 ETH ($53.25M) to buy 70M LDO at $0.76 on May 5, 2021.
• Since November 7, 2024, Paradigm has unloaded 60M LDO to Coinbase Prime and Wintermute Trading at an average price of $1.226 ($73.54M).

Currently, Paradigm has 10M LDO ($8.41M) left with an estimated total profit of $28.7M (+53.9%) from this token.

Fig 1. Paradigm Capital's LDO offloading history.