News

Brevan Howard Digital Transfers 2 Million LDOs Worth $3.07 Million In 2 Weeks

Key Points:

On-chain analyst Yu Jin has revealed a significant cryptocurrency movement by Brevan Howard Digital. 

Over the past half-month, the investment firm has executed a transfer of 2 million Lido (LDO) tokens, equivalent to approximately $3.07 million. This action has piqued the interest of crypto enthusiasts and market watchers alike.

The data, shared by Yu Jin, showcases a consistent trend in Brevan Howard Digital’s LDO transfers since March 2. The firm has transferred a substantial 9.04 million LDO tokens, valuing around $21.66 million, to Centralized Exchanges (CEX) during this period, with an average price of $2.4 per token. These transfers have been distributed among prominent exchanges as follows:

  • 4.5 million LDO tokens were sent to Binance.
  • 2.54 million LDO tokens found their way to Coinbase Prime.
  • 2 million LDO tokens were transferred to OKX.

At the time of this report, Brevan Howard Digital maintains ownership of 5.83 million LDOs, equivalent to approximately $9.16 million. This indicates that the recent transfer represents a substantial portion of their LDO holdings.

These strategic movements by Brevan Howard Digital have prompted speculation within the cryptocurrency community regarding their investment strategy and potential market insights. The cryptocurrency landscape is known for its dynamic nature, and actions of major entities like Brevan Howard Digital can influence market sentiment and token prices.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Chubbi

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

1 hour ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

3 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

3 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

3 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

4 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

5 hours ago

This website uses cookies.