U.S.-based trading firm Jump Trading, which was heavily involved in the Terra-LUNA crisis, started transferring Lido DAO (LDO) tokens to crypto exchange Binance, causing LDO prices to drop by over 20% since Thursday.
A series of transfers have raised eyebrows about why Jump Trading started dumping Lido’s native utility token LDO suddenly and how it will impact the crypto market.
(By Varinder Singh)
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