A wallet linked to a known APE insider closed its LDO long position for a $50,000 profit after the token rallied more than 20% since the position was first flagged. A second wallet tied to the same cluster remains open, holding 5.96 million LDO — currently valued at roughly $2.65 million and sitting on an unrealised gain of $250,000.
The back-to-back wins across two separate wallets point to a deliberate, staged position rather than a single opportunistic trade. On-chain trackers have been monitoring this cluster since the original entry was surfaced, and the 20%-plus move in LDO has validated the thesis in real time.
Whether the second wallet takes profit near current levels or rides further upside is the live question. The size of the remaining position — nearly $2.65M notional — means any exit will be visible on-chain well before it fully clears.
Frequently asked questions
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What factors contributed to the 20% surge in LDO's price?
The article does not specify the exact factors behind LDO's price surge, but it highlights that the movement has validated the thesis of the monitored wallet cluster.
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What will happen if the second wallet decides to take profit?
If the second wallet takes profit, the transaction will be visible on-chain, given the size of the remaining position valued at approximately $2.65 million.
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