Amber Group Hoards LDO Tokens, Sees Transfer of 4.46 Million Since August 18


This article has been republished with permission from Binance News.

According to a report from Amber Group, a global digital asset platform, seems to be accumulating Lido DAO (LDO) tokens alongside peer institution FalconX. The Lookonchain monitoring system indicated that an address associated with Amber Group had withdrawn 1.19 million LDO tokens, approximately worth $1.8 million, from the Binance exchange five hours prior to the report.


Overall, since August 18, transactions related to Amber Group have seen a substantial volume of 4.46 million LDOs, equivalent to $6.78 million, being transferred. Though the motives behind this activity remain speculative, it’s indicative of significant interest in the LDO token from these digital asset firms.

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