Sigil Fund just deposited the remaining 1.47M LDO ($1.54M) to Binance at $1.045 to stop loss:

• transaction: 0x991c98aff0c2041af00c4b2926dc654732805ef71b49586ee90a6cce546553e7
• address: 0x9fdf156ff611a2c2191f15162fe053499f7cd405
• This address belongs to the entity Sigil Fund

Notably, this is the VC's first LDO transaction in the past 6 months and also marks the end of the VC's LDO trade at an estimated loss of $245K (-4.68%) after over 3.5 years:

• allegedly bought 2.925M LDO via Binance, FTX, DEX, and Lido Aragon Token Manager at an average price of $1.792 (estimated cost: $5.24M);
• further claimed LDO tokens as rewards from Curve Finance;
• allegedly sold the tokens via Binance and DEX at only $1.675 on average ($5M).

Fig 1. The 4 latest LDO transactions of Sigil Fund.

Fig 2. Sigil Fund's overall LDO trading history.