範式資本將840萬美元的$ LDO貨物交換錢包，加劇了銷售壓力

在過去的一個月中，對lido dao的本地標記$ LDO的銷售壓力加劇了。大部分壓力來自大型機構持有人

Last month has seen increasing selling pressure on $LDO, the native token of Lido DAO, with several large institutional holders engaging in sustained sell-offs, bringing attention to their actions.

上個月，Lido Dao的本地代幣$ LDO的銷售壓力越來越大，幾個大型機構持有人參與了持續的拋售，引起了他們的行動的關注。

Prominent investment firm Paradigm Capital has been involved in some transactions that have brought further attention to this ongoing trend. On-chain data from TokenInsight shows that Paradigm Capital has been transferring a large amount of $LDO to exchange-linked wallets.

著名的投資公司範式資本參與了一些交易，這些交易使人們對這一持續趨勢進行了進一步關注。 TokeninSight的鏈上數據表明，範式資本已將大量$ LDO轉移到交換鏈接的錢包中。

The net effect of these concerted actions has been that $LDO has dropped 22% in value in just the last 30 days.

這些一致行動的淨效應是，$ LDO在過去30天內的價值下降了22％。

Paradigm Capital Moves $8.4 Million in $LDO to Exchange Wallet

範式資本將840萬美元的$ LDO移動以交換錢包

Analysts at TokenInsight observed that just nine hours ago, Paradigm Capital transferred 10 million $LDO tokens—valued at approximately $8.41 million—to the wallet address 0xC4Db, which is known to be a front for a trading platform. This particular address has served as a funnel for several institutional wallets to route their LDO tokens to trading platforms.

TokeninSight的分析師觀察到，就在九個小時前，Paradigm Capital將1000萬美元的LDO代幣轉移到了錢包地址0xC4DB上，這是眾所周知的交易平台。這個特殊的地址是幾個機構錢包的渠道，可以將其LDO代幣連接到交易平台。

The post mentions that given the final destination of the funds and the fact that this is the first use of the address today, it is more likely to be an exchange.

該帖子提到，鑑於資金的最終目的地以及這是當今地址的首次使用的事實，它更有可能是交流。

Interest in these transactions is piqued by Paradigm’s most recent transaction, as it hints at the firm potentially liquidating a fresh batch of its holdings. This wouldn’t be the first time Paradigm has seen gains from divesting a portion of its early investments. In 2020, Paradigm purchased 70 million $LDO tokens directly from Lido’s treasury at a considerable discount of just $0.76 per token. That clocks in a total investment of roughly $53.2 million.

對這些交易的興趣是由范式的最新交易引起的，因為它暗示了該公司有可能清算其新批次的持股。這不是范式第一次從剝離其早期投資的一部分中獲得收益。 2020年，範式直接從裡多（Lido）的財政部購買了7000萬美元的LDO代幣，價格僅為0.76美元。總投資約為5320萬美元。

In November of last year, the firm sold off 50 million of those tokens at an average price of $1.31, generating an estimated profit of $27.5 million. With yesterday’s transfer of 10 million tokens to an unknown wallet, it appears Paradigm might be preparing to sell off half of its 20 million LDO tokens remaining in reserve—potentially continuing the wave of institutional selling that has affected LDO’s price trajectory.

去年11月，該公司以1.31美元的平均價格出售了5000萬個代幣，估計利潤為2750萬美元。隨著昨天將1000萬個令牌轉移到一個未知的錢包中，似乎範式似乎準備出售其剩餘的2000萬個LDO代幣中的一半，這可能會延續影響LDO價格軌蹟的機構銷售浪潮。

Exchange-Linked Wallet Activity Signals Broader Institutional Exit

交換鏈接錢包活動信號更廣泛的機構出口

Paradigm is not the only one. In the last month, a number of institutional wallets have moved a total of 48.48 million $LDO tokens—valued at about $45.6 million during the transfers—to various exchanges using the wallet 0xC4Db. Such concentrated movement into exchange addresses is generally interpreted as an intent to sell, rather than a repositioning of assets or a custodial move.

範式不是唯一的範式。在過去的一個月中，許多機構錢包的總計4848萬美元的LDO代幣（在轉讓期間的價值約為4560萬美元），使用了Wallet 0xc4db進行了各種交流。這種集中的運動通常被解釋為出售的意圖，而不是重新定位資產或託管行動。

This ranges from a 3000 만 개의 LDO 에 대해 밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝혔습니다.밝웻.

我們告訴我大約3000萬個LDO。我們告訴我。我們告訴我。我們告訴我。我們告訴我。我們告訴我。我們告訴你。我們告訴你。我們告訴你。

Among the institutions involved in these transactions is Blocktagon, a well-known cryptocurrency hedge fund, which has been actively investing in promising projects. Recently, Blocktagon sold a portion of its LINK holdings, signaling a strategic adjustment in its portfolio.

在這些交易中涉及的機構中，有一個著名的加密貨幣對沖基金Blocktagon，該基金一直積極投資於有前途的項目。最近，Blocktagon出售了其一部分鏈接持有量，這表明其投資組合中的戰略調整。

As these institutions adjust their investment strategies and valuations, their actions are closely watched by the broader cryptocurrency market. These shifts in institutional activity can have a significant impact on market trends and liquidity.

當這些機構調整其投資策略和估值時，他們的行動受到更廣泛的加密貨幣市場的密切關注。機構活動的這些轉變可能會對市場趨勢和流動性產生重大影響。

Price Performance and Market Outlook

價格績效和市場前景

The fallout from this selling spree is already clear in LDO’s market performance. The token has shed 22% of its value over the past month, while many other assets in the decentralized finance (DeFi) sector have rallied. For a project that once stood at the very forefront of Ethereum staking infrastructure, this kind of downward momentum reflects awfully on liquidity, investor confidence, and perhaps long-term institutional commitment.

LDO的市場表現已經很明顯，這種銷售狂潮的後果已經很明顯。在過去的一個月中，該令牌已將其價值的22％降低，而分散融資（DEFI）部門中的許多其他資產都集結了。對於一個曾經站在以太坊積累基礎設施最前沿的項目，這種下降勢頭非常反映了流動性，投資者的信心以及可能的長期機構承諾。

Lido’s role in the Ethereum ecosystem is still present, especially for a company that has poured so far in the liquid staking department. But what’s going on with Lido? Well, Paradigm has started to dump; and with that, the questions have started to arise again about Lido’s prospects, governance, and the trajectory it’s on as an Ethereum development shop.

利多（Lido）在以太坊生態系統中的作用仍然存在，特別是對於一家在液體蒸發部門湧現的公司而言。但是裡多怎麼了？好吧，範式已經開始傾倒；因此，關於利多多的前景，治理以及它作為以太坊開發商店所在的軌蹟的問題再次出現。

In the next days and weeks, market participants will be watching wallet 0xC4Db to see what it does next. If Paradigm is indeed continuing to liquidate its last stake, or if other institutions do likewise, $LDO holders could be in for further downside.

在接下來的幾天和幾週內，市場參與者將觀看Wallet 0xc4db，以了解其下一步的作用。如果範式確實正在繼續清算其最後的股份，或者其他機構同樣這樣做，那麼$ ldo持有人可能會進一步不利。

Currently, retail investors and the wider DeFi community are coming to terms with the implications of this institutional reshuffling and are left wondering whether Lido DAO can get through this storm without any further selloffs.

目前，散戶投資者和更廣泛的Defi社區正在與這種機構改組的影響有關，並想知道Lido Dao是否可以通過這場風暴而沒有任何進一步的拋售。