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Blockchain Capital Sold Off LDO, RPL Before Shanghai Upgrade

Blockchain Capital has sold significant amounts of liquid staking derivatives (LSDs) ahead of Ethereum's Shanghai upgrade. According to Lookonchain, the venture firm sold 1.5 million LDO worth $2.52 million and 65,352 RPL worth $2.9 million, no longer holding any LDO but retaining 107,085 RPL valued at $4.52 million.

Blockchain Capital earned a profit of $1.05 million from selling LDO acquired between January and February 2022, and almost $1.09 million from selling RPL bought in October 2021 and April 2022. With Ethereum's upgrade now active, there may be volatility in the crypto market, with big investors like Blockchain Capital potentially shaping its development.

Ethereum Ethereum $3,435.27
+2.28%
Shanghai upgrade Ethereum
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