Lido's seed investor deposited 4.3 million LDO, held for 5 years, into Kraken 1 hour ago

BlockBeats News, July 17th, according to PyroFex Monitoring, a Lido Genesis DAO member/institution transferred 4.3 million LDO (worth $1.61 million) to Kraken after holding it for five and a half years, one hour ago.

This institution received a 5 million LDO allocation in December 2020, which was worth $30 million at the peak in 2021, but is now valued at only $1.88 million. However, their cost basis for the received tokens was only $0.0085, so even at the current price, they still have over 40x profit.