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Terraform Labs Sells 20 Million LDO Tokens at $207; Bags Over $40 Million

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Terraform Labs Sells 20 Million LDO Tokens at $207; Bags Over $40 Million

It is reported that according to the data disclosed by the chain analyst @ Lookonchain, the address marked by Nansen as Terraform Labs has sold all 20 million LDOs today at a price of $207, of which 15.3 million LDOs (about $32 million) were sold on DEX at an average price of $2.1, and 4.7 million LDOs (about $9.4 million) were transferred to the cryptocurrency exchange on May 9, when the selling price was $2. Terraform Labs participated in Lido’s $2 million financing transaction in 2020 and obtained 20 million LDO tokens.

Terraform Labs has sold all 20 million LDOs

Analysis based on this information:


The recent data revelation by Lookonchain discloses that Terraform Labs has sold its entire 20 million LDO tokens today at a price of $207. This sale has brought Terraform Labs an amount of over $40 million. The LDO tokens were sold in two parts- 15.3 million LDOs for $32 million on a decentralized exchange at an average price of $2.1, while 4.7 million LDOs were sold earlier, and the selling price was $2. Terraform Labs acquired these tokens when it participated in Lido’s financing transaction of $2 million in 2020.

This data is proof of the continuously growing trend in the crypto industry, where investors and organizations are looking to benefit from the skyrocketing prices of cryptocurrency. This trend is reflected in Terraform Labs’ selling of all its tokens for a gigantic profit of more than $40 million.

However, this sale of LDO tokens could have also happened because of various other reasons. Terraform Labs could have desired to liquidate its position in Lido and make a massive profit on its investment. It could also imply that Terraform Labs doesn’t believe that Lido will perform well in the future.

This sale of 20 million LDO tokens doesn’t necessarily imply that Lido’s future isn’t bright. Lido is one of the few highly reputable staking platforms, offering investors to participate in staking services with minimal risk exposure. Lido is well-established, and its partnership with Curve Finance, along with the $2 billion deposited assets, speaks for its success.

In conclusion, the sale of Terraform’s LDO tokens bagging over $40 million suggests that the organization has made a massive profit in the crypto industry, and cryptocurrency’s future continues to be optimistic. The over $40 million that Terraform Labs has made from this sale is a testament to the growing trend in the crypto industry.

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