LDO surges over 20% after ApeCoin insider opens long position

LDO has surged more than 20% after news that an ApeCoin (APE) insider opened a long position on the token, Lookonchain reported. Some wallets have already realized approximately $50,000 in profit, while other addresses continue to hold millions of tokens with $250,000 in unrealized gains. LDO is currently trading at $0.4485, up 20.8% over the past 24 hours.