F2Pool co-founder sells $4.5M worth of LDO in last 14 days

Blockchain analytics firm Spot On Chain shared on X that Chun Wang (@satofishi), co-founder of the cryptocurrency mining pool F2Pool, sold 2.5 million LDO tokens worth $4.5 million in the last 14 days. It also noted that Wang, who originally received 20 million LDO from staking platform Lido DAO (LDO), has sold 6.1 million LDO for $10.42 million since Nov. 21, 2024, at an average price of $1.708 each. He now holds 2.5 million LDO, valued at $3.88 million. According to CoinMarketCap, LDO is trading at $1.54, down 7.12% over the past 24 hours.