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]

According to @EmberCN, over the past three days, two addresses—including one potentially linked to the Lido Finance team—have transferred 11.11 million LDO tokens (worth $11.53 million) to centralized exchanges such as Binance, OKX, Bybit, and Gate. Additionally, just five hours ago, these addresses moved another 19.41 million LDO ($19.25 million), which is expected to be deposited soon on major CEXs. This significant on-chain activity suggests a potential increase in LDO supply on exchanges, which may add short-term selling pressure and increase market volatility for LDO traders. Traders should closely monitor exchange inflows for LDO, as such large movements could impact liquidity and short-term price action, especially in the context of current crypto market trends. (Source: @EmberCN, Twitter, May 16, 2025)