A Whale unstaked 526,000 LPT and transferred to a CEX, expected to profit 2.01 million USD.
According to Gate News bot, on-chain analyst Yu Jin has monitored that a whale/institution redeemed 526,000 LPT from the LPT PoS staking contract in the past hour, ( 481 million USD ) and then transferred it to a CEX. These LPT were withdrawn from the CEX and staked at a price of 5.9 USD between February and April. LPT has risen by 55% in the past week, which is likely the reason for his choice to redeem LPT and transfer it to CEX to take profit, with an expected profit of 2.01 million USD.
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