Paradigm Profits $28.13 Million from LDO Investment Over Four Years

According to Odaily, blockchain analyst Yu Jin reports that Paradigm has liquidated 70 million LDO tokens, earning a profit of $28.13 million over a four-year period. Paradigm transferred its remaining 10 million LDO tokens, valued at $7.42 million, 10 hours ago, with plans to distribute them across multiple centralized exchanges in the coming days. Four years ago, Paradigm acquired 70 million LDO tokens from the Lido treasury through an OTC transaction at a price of $0.76 per token. In November last year, they sold 50 million tokens at an average price of $1.31, and over the past 11 days, they sold 20 million tokens at an average price of $0.79. The overall average selling price was $1.16, resulting in a profit of approximately $28.13 million from their LDO investment.