LDO Fell 20% After Trading Firm Dumps Tokens To Binance

U.S.-based trading firm Jump Trading, which was heavily involved in the Terra-LUNA crisis, started transferring Lido DAO (LDO) tokens to crypto exchange Binance, causing LDO prices to drop by over 20% since Thursday.

A series of transfers have raised eyebrows about why Jump Trading started dumping Lido’s native utility token LDO suddenly and how it will impact the crypto market.

(By Varinder Singh)

Lido DAO $1.98

+0.28%

Binance

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