LDO DAO Flags Budget Flaw as It Reviews Buybacks
The debate turns on whether real cost cuts, not a counter reset, can improve income before LDO purchases, while current buybacks remain constrained by a $564,230.96 deficit.
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The debate turns on whether real cost cuts, not a counter reset, can improve income before LDO purchases, while current buybacks remain constrained by a $564,230.96 deficit.
Lido added 386K ETH against 6.8M of network growth, and its NEST buyback skipped a Sept. 9 allocation after a negative cumulative budget reading.
The spread between average and median returns shows July's advance was broad, while a handful of outsized winners lifted the overall result further.
The batch includes PAXG, OSMO, LDO, and AMP alongside DeFi and infrastructure names — broad, multi-sector exposure for Korea's deepest liquidity venue.
The flagged wallets belong to one of crypto's biggest market makers, not the Lido DAO co-founder — and the mislabel traces back to a 2024 OTC transfer.
The original on-chain read linked the deposits to Cobie directly, but a follow-up correction says the wallet in question is not his — the whale-overhang concern for LDO holders stands either way.
A wallet flagged as an APE insider has closed a 10.26 million LDO long position worth $4.58 million at entry, walking…
A wallet flagged as the so-called APE insider has added to its Lido DAO position, bringing the total long to 10.26…
On-chain footprint links an early APE insider to a 20%+ LDO move — the trade is small, but the signal is the wallet, not the size.
Two wallets, one suspect, two consecutive high-conviction bets on governance tokens — the pattern matters more than the dollar size for traders tracking smart-money flow.