
Sep 21, 2023

SOC Team
Brevan Howard Digital kept depositing $LDO away
Outflow
Related addresses
Total tokens transferred

1.5M
LDO
[Updated] Brevan Howard Digital (formerly Dragonfly Capital) further transferred 1.5M $LDO to Coinbase Prime at $1.52 on average ($2.28M) between September 12 and 21 (UTC):
- the venture capitalist transferred 250K $LDO away in each of the 6 deposits, the latest of which was on September 21, 13:53 PM (UTC) (TXID here)
- overall, has deposited a total of 2.25M $LDO to Binance and Coinbase Prime at $1.54 on average ($3.46M) since September 5 (16 days ago)
- current holding: 5,586,035 $LDO ($8.27M)
- address: 0x7D68a49754c55f1fB410F535f2b82a16f64481b6
Overall, Brevan Howard Digital has an estimated profit of $7.53M from $LDO if truly bought and sold:
- accumulated 17.14M $LDO at $1.73 on average ($29.7M) between July 2021 and March 2023, mostly during dumps
- has transferred out a total of 11.31M $LDO at $2.52 on average ($28.5M). Estimated realized profit: $8.88M
- still holds 5.83M $LDO ($9.22M). Estimated unrealized loss at the current price of $1.53: -$1.36M
Fig 1. Brevan Howard Digital deposited a total of 2.25M $LDO to Binance and Coinbase Custody at $1.54 on average ($3.46M) over the past 16 days.
Fig 2. Brevan Howard Digital's over $LDO trading history.
[Previous] Brevan Howard Digital (formerly Dragonfly Capital) transferred out a total of 750K $LDO at $1.57 on average ($1.18M) between September 5 and 8 (UTC):
- 250K $LDO to Binance at $1.55 ($388K) on September 5 (TXID 1 and TXID 2)
- 250K $LDO to Coinbase Prime at $1.57 ($392K) on September 7 (TXID here)
- 250K $LDO to Coinbase Prime at $1.58 ($394K) on September 8 (TXID here)
- their last deposit to a CEX was on May 17 (114 days ago) (previous signal here)
- current holding in the depositing address: 7.08M $LDO ($10.8M)
Fig 3. Brevan Howard Digital deposited 250K $LDO to Binance at $1.55 ($388K).