Overview
- Blockchain trackers reported a buy of roughly 1.855 million LDO worth about $1.03 million on December 26, attributed to an address linked to Arthur Hayes.
- LDO rose about 6% shortly after the news, with trading volume climbing to more than 200% above its weekly average.
- Onchain Lens said the tokens moved from a Binance hot wallet to a wallet associated with Hayes on Ethereum.
- Hayes also increased his Pendle exposure with roughly $973,000 in PENDLE purchases, following earlier buys of PENDLE, ENA, and ETHFI totaling about $609,000 funded in part by ETH sales.
- Coverage highlighted Lido’s reported strength, including 690% year-over-year developer growth and approximately $14.3 million in weekly revenue.