Lido-linked wallet sends $6.61M in LDO to exchanges

On-chain analyst @EmberCN reported via X that a wallet linked to the Lido team or related entity deposited 6.7 million LDO ($6.61 million) to major exchanges in the past 20 hours, totaling 17.81 million LDO ($18.14 million) sent over the last four days. During this period, LDO's price dropped 20% from $1.16 to $0.93.