According to @EmberCN, a major institution or team has transferred 21.31 million LDO tokens, valued at $21.24 million, to centralized exchanges including Binance, OKX, Bybit, and Gate over the past 6 days. Notably, 3.5 million LDO ($3.1M) was moved just 25 minutes ago. During this period, LDO price retraced from $1.16 to $0.88, marking a steep 24% decline. These substantial transfers to CEXs suggest heightened selling pressure, which could signal further downside risk or increased volatility for LDO in the short term. Traders should closely monitor on-chain flows and exchange inflows for potential trend reversals or continued price weakness. [Source: @EmberCN on Twitter, etherscan.io]