According to on-chain analyst Spot on chain, early investors in Lido saw a large-scale reduction in their holdings. According to the data, investor Chun Wang sold 300,000 LDOs in the past 10 hours for about 518,000 USDT. Since the beginning of 2025, Chun Wang has sold 5.80 million LDOs, cashing in about 10.27 million USDT at an average price of $1.771, and still holds 2.2 million LDOs. Another investor, Wolfgang Albrecht, transferred 2.60 million LDOs (approx. $4.51 million) to the Binance Exchange 16 hours ago. The investor received 3.33 million LDOs unlocked two years ago and has sold 3.28 million LDOs at an average price of about $1.895, leaving a remaining position of 50,000 LDOs.