A Whale Redeems 526,000 LPT and Transfers to CEX
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According to Jinse Finance, analyst Yu Jin's monitoring shows that an address redeemed 526,000 LPT from the LPTPoS staking contract in the past hour, valued at approximately $4.81 million, and transferred it to a CEX. This address purchased and staked the LPT at an average price of about $5.9 between February and April this year. With LPT rising by 55% in the past week, this operation might be to realize profits, with an estimated gain of about $2.01 million.
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