范式资本将840万美元的$ LDO货物交换钱包，加剧了销售压力

在过去的一个月中，对lido dao的本地标记$ LDO的销售压力加剧了。大部分压力来自大型机构持有人

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.

上个月，Lido Dao的本地代币$ LDO的销售压力越来越大，几个大型机构持有人参与了持续的抛售，引起了他们的行动的关注。

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.

著名的投资公司范式资本参与了一些交易，这些交易使人们对这一持续趋势进行了进一步关注。 TokeninSight的链上数据表明，范式资本已将大量$ LDO转移到交换链接的钱包中。

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

这些一致行动的净效应是，$ LDO在过去30天内的价值下降了22％。

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

范式资本将840万美元的$ LDO移动以交换钱包

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的分析师观察到，就在九个小时前，Paradigm Capital将1000万美元的LDO代币转移到了钱包地址0xC4DB上，这是众所周知的交易平台。这个特殊的地址是几个机构钱包的渠道，可以将其LDO代币连接到交易平台。

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.

该帖子提到，鉴于资金的最终目的地以及这是当今地址的首次使用的事实，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.

对这些交易的兴趣是由范式的最新交易引起的，因为它暗示了该公司有可能清算其新批次的持股。这不是范式第一次从剥离其早期投资的一部分中获得收益。 2020年，范式直接从里多（Lido）的财政部购买了7000万美元的LDO代币，价格仅为0.76美元。总投资约为5320万美元。

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，该公司以1.31美元的平均价格出售了5000万个代币，估计利润为2750万美元。随着昨天将1000万个令牌转移到一个未知的钱包中，似乎范式似乎准备出售其剩余的2000万个LDO代币中的一半，这可能会延续影响LDO价格轨迹的机构销售浪潮。

Exchange-Linked Wallet Activity Signals Broader Institutional Exit

交换链接钱包活动信号更广泛的机构出口

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.

范式不是唯一的范式。在过去的一个月中，许多机构钱包的总计4848万美元的LDO代币（在转让期间的价值约为4560万美元），使用了Wallet 0xc4db进行了各种交流。这种集中的运动通常被解释为出售的意图，而不是重新定位资产或托管行动。

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.

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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.

在这些交易中涉及的机构中，有一个著名的加密货币对冲基金Blocktagon，该基金一直积极投资于有前途的项目。最近，Blocktagon出售了其一部分链接持有量，这表明其投资组合中的战略调整。

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.

当这些机构调整其投资策略和估值时，他们的行动受到更广泛的加密货币市场的密切关注。机构活动的这些转变可能会对市场趋势和流动性产生重大影响。

Price Performance and Market Outlook

价格绩效和市场前景

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的市场表现已经很明显，这种销售狂潮的后果已经很明显。在过去的一个月中，该令牌已将其价值的22％降低，而分散融资（DEFI）部门中的许多其他资产都集结了。对于一个曾经站在以太坊积累基础设施最前沿的项目，这种下降势头非常反映了流动性，投资者的信心以及可能的长期机构承诺。

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）在以太坊生态系统中的作用仍然存在，特别是对于一家在液体蒸发部门涌现的公司而言。但是里多怎么了？好吧，范式已经开始倾倒；因此，关于利多多的前景，治理以及它作为以太坊开发商店所在的轨迹的问题再次出现。

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.

在接下来的几天和几周内，市场参与者将观看Wallet 0xc4db，以了解其下一步的作用。如果范式确实正在继续清算其最后的股份，或者其他机构同样这样做，那么$ ldo持有人可能会进一步不利。

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，散户投资者和更广泛的Defi社区正在与这种机构改组的影响有关，并想知道Lido Dao是否可以通过这场风暴而没有任何进一步的抛售。