Whales redeemed and transferred 526,000 LPT to Binance, earning about $2.01 million
06-05 04:43
Odaily News According to Ember's detection, an address redeemed 526,000 LPT (about $4.81 million) from the PoS staking contract of Livepeer (LPT) in the past hour, and has transferred the batch of tokens to the Binance exchange. On-chain data shows that these LPT tokens were previously withdrawn and staked from Binance at an average price of about $5.9 from February to April. The price of LPT has continued to rise recently, and has accumulated an increase of more than 55% in the past week. This operation is expected to realize a profit of about $2.01 million, which is suspected to be a whale or institution choosing to stop profit shipment.
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