F2Pool founder Chun Wang accelerates dumping LDO, selling 2.5 million coins within 14 days

PANews reported on February 12th that according to Spot On Chain monitoring, Chun Wang, the founder of F2Pool and Stakefish, has sold 2.5 million LDO in the past 14 days, exchanging them for a total of 4.5 million USDT. Since the end of the 10.5-month blank period on November 21, 2024, he has sold a total of 6.1 million LDO tokens, cashing out 10.42 million US dollars at an average selling price of 1.708 US dollars. Currently, he only has 2.5 million LDO tokens left (approximately 3.88 million US dollars), far below the initial 20 million LDO tokens received as a member of Lido DAO.