Brevan Howard Digital, a leading name in the digital asset space, was reportedly involved in serious sales transactions in the Lido Finance ($LDO) altcoin.
It is claimed that the company deposited $LDO to central exchanges through two addresses.
Address 0x4c3, allegedly linked to Brevan Howard Digital, reportedly deposited 3.25 million $LDO ($4.95 million total) to Binance since September 6 at a price of $1.52.
On the other hand, the company may have deposited a total of 6.5M $LDO ($9.89M) to Binance and Coinbase Prime at a price of $1.52 since September 5 through two addresses: 0x7d6 and 0x4c3.
Of these 6.5 million $LDO, 500 thousand $LDO were transferred from two addresses to Binance and Coinbase Prime in the last 24 hours for an average of $ 1,538 ($769 thousand in total).
Cryptocurrency investment firm Brevan Howard Digital currently has a total estimated earnings of just $4.2 million. Here is the explanation:
The company accumulated a total of 23.8 million $LDO from Copper, Binance and decentralized exchanges between July 15, 2021 and July 23, 2023, at an average price of $1.85 (valued at $44.2 million).
The company currently holds $LDO 8 million ($12.9 million). This means its estimated unrealized loss is $1.87 million. Allegedly, company addresses sold a total of 15.8 thousand ETH at an average price of $ 2,237 through decentralized exchanges and multiple exchanges, including OKX, Binance and Coinbase Prime, since August 15, 2021. From here, the company's estimated realized earnings are $6.07 million.
*This is not investment advice.
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coindesk.com
cryptopolitan.com