Early Lido investor transfers $1.6M in LDO to Kraken after 5.5-year hold

An early Lido investor, or possibly an institution, transferred 4.3 million LDO worth $1.61 million to Kraken about one hour ago after holding the tokens for five and a half years, EmberCN reported. The address received an investment allocation of 5 million LDO in December 2020. Those tokens were once worth $30 million at the 2021 peak, but are now worth just $1.88 million. Still, the estimated purchase price was $0.0085 per token, suggesting a gain of more than 40x even at the current price.