Lido transfers $1.81M in LDO to multisig wallet, signaling start of buyback

Lido has transferred 4.82 million LDO, worth $1.81 million, from Binance to a multisig wallet, according to AmberCN. The move is seen as the official start of the project's token buyback program. Lido previously passed a governance proposal to buy back $20 million worth of LDO to support the token's price.