Why Is Chun Wang Shedding LDO? F2Pool Co-Founder Sells Another 600K Tokens After 10 Months
Wallet Activity Alert:
Chun Wang, better known as Satofishi, the co-founder of F2Pool and founder of Stakefish, has made waves again by offloading 600,000 LDO tokens. His wallet 0xee44c6ff39ac347d59e6b840d8412f60a7c2fad1 exchanged these tokens for 666,949 USDT at an average price of $1.11. This marks his first significant sale in 10 months.
Key Insights:
As one of the original members of Lido DAO, Chun Wang initially received 20M LDO on December 17, 2020.Even after this transaction, Chun Wang still holds a substantial 8M LDO (valued at approximately $8.76M) across three different wallets.Notably, he’s the fourth initial Lido DAO member to liquidate tokens during November.
With a pattern emerging among Lido DAO’s early contributors, is this the start of a larger trend?
