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A whale deposited 500,000 LDO, approximately $1.17 million, into Binance again 10 hours ago.

According to BlockBeats news on November 29th, as monitored by Lookonchain, a whale/institution deposited another 500,000 LDO coins (worth $1.17 million) into Binance 10 hours ago, and currently holds 3.6 million LDO coins (worth $8.4 million). It is reported that this whale usually sells LDO during price peaks.
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The SEC has clarified that liquidity staking does not involve securities issuance and sale, providing regulatory clarity for projects like Lido.
Arthur Hayes has long been concerned that Lidos are not decentralized enough and that tokens will plummet if the market picks up on them.
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