Cryptocurrency Phenomenon Parts Ways with an Altcoin!

Cryptocurrency phenomenon Cobie is parting ways with an altcoin.

Cryptocurrency phenomenon named @cobie made a move for Lido Finance (LDO) on July 23.

According to data provided by the on-chain analysis platform Lookonchain, Coibe transferred 3.64 million LDOs worth $6.69 million to the Wintermute OTC wallet.

Cobie purchased 7.5 million LDO worth $13.87 million from the Lido team on December 17, 2020. Cobie's such a sale during the US-based spot Ethereum ETF launch did not go unnoticed by the market.

Investors discussed what kind of signals Cobie's move gave about the future of the market.

Lido Finance (LDO) holds an important place in the world of decentralized finance (DeFi) and offers Ethereum staking service to its users. LDO's price movements and the moves of major investors on this token show that developments in the DeFi field should be followed closely.

According to CoinGecko data, LDO, which has decreased by 4% in the last 24 hours, is traded at $ 1.79 at the time of writing.