Paradigm Capital deposits $8.41M worth of LDO into anonymous address

As per Arkham data, crypto investment firm Paradigm Capital moved 10 million LDO ($8.41 million) to an anonymous address starting with 0xC4Db nine hours ago. According to Lookonchain on X, the address is typically used by a number of institutions as an intermediate address for exchange selling purposes. In the past month, a total of 48.48 million LDO ($45.6 million) has been sent from several institutional wallets to exchanges via that address.