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Aave Founder Offloads Entire LDO Bag Over 12 Months for a Total of $2.4M

Stani Kulechov, the founder of Aave and Lens Protocol, sold 715,000 LDO tokens on Dec. 21 data from Etherscan showed.

The tokens were worth around $667,200 as of press time, the batch represented the last of the Lido DAO Token allocation Kulechov got as a seen investor in Lido Finance.

In December 2020, Kulechov was allocated a total of 2 million tokens in exchange for his investment in Lido. He held the tokens until the end of 2021 when he offloaded 50,000 LDO in the first of many transactions.

(by Andjela Radmilac)

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