April 16 (Cointime) - According to Spot On Chain, Fenbushi Capital's founding partner Bo Shen has exchanged 557,140 LQTY tokens for 613 ETH, valued at approximately $1.35 million at the peak of $2.42 per LQTY token.

However, the LQTY price has since dropped by 5% to as low as $2.3 per token after the sale. Shen was an angel investor for Liquidity Protocol, the issuer of LQTY. It's unknown how much Shen paid for the LQTY tokens. He had held the tokens since their unlock in July 2022 until the recent trade. The address associated with the trade is 0x4aC9CA41EFE0eA19b8f3493a91d8a5F706e1e8F9.