According to Lookonchain, a wallet possibly associated with DeFiance Capital deposited 9.3 million LDO tokens, valued at $10.1 million, into Binance, OKX, Bybit, and Gate.io over the past two days (source: Lookonchain, intel.arkm.com). This significant inflow of LDO to major exchanges signals a potential increase in sell-side liquidity, which may impact short-term Lido DAO token prices and overall market sentiment. Traders should monitor LDO trading volumes and price action closely, as large deposits to centralized exchanges often precede heightened volatility and potential downward price pressure.