Jump Trading, a foreign online trading platform, is seriously involved in the plight of Luna, the king of Terra-, as the company gradually transfers LDO tokens to Binance, a password trading center, causing LDO prices to fall by more than 20 per cent since Thursday.
A series of transfers have led to confusion about why Jump Trading started selling Lido's local utility token LDO again, and how this will affect the login password market.
The chain analysis platform Lookonchain revealed in a tweet on January 31st that Jump Trading graduallyHas been transferred.From January 26th, the Lido Dao (LDO) token will be used to exchange login passwords for Binance. This caused the price of LDO to fall by more than 20%.
Since Thursday, Jump Trading has moved nearly 350000 LDO to Binance. Every time Jump Trading transfers a LDO token to Binance, the price of LDO goes down.
Prices on Lido Dao have fallen by more than 7 per cent in the past 24 hours, to $2.09 at this stage. The 24-hour bottom and higher are $1.99 and $2.27, respectively.
JUMP Trading still owns 392 tokens of Lido Island in Yinma Town. The next time Jump Trading transfers LDO to Binance,PriceLDO may beI'm going to drop it once.
LDO is the local utility token of LIDO, and LIDO is a solution for medical ether liquid deposition. LDO is used to grant governance rights in Lido DAO, period cost parameters and distribution, and the addition and deletion of Lido connection point operators.
Before the Ethernet Shanghai update, the transfer of Jump Trading caused anxiety in the cryptographic community. This update will enable users to obtain the ether bet from the Lido working capital pool.
In addition, Lido Whale, which has 1 million to 100 million LDO tokens, has been selling heavily, while those with 100 and 1 million LDO tokens are accumulating.
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Tue, 18 Apr 2023