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$4M LDO Withdrawal by FalconX Sparks Excitement! Is a Bull Run Coming?

Published 10/17/2023, 09:35 PM
Updated 10/17/2023, 09:45 PM
$4M LDO Withdrawal by FalconX Sparks Excitement! Is a Bull Run Coming?

  • Lookonchain reported that FalconX once again withdrew 2.5 million LDO from Binance.

  • Currently, FalconX has accumulated a total of 9.18 million LDO over the past nine days.

  • The BBP indicator shows the LDO reversed and climbed away from the negative zone recently.

The market on-chain analytics platform Lookonchain has been closely observing FalconX’s trading activities over the past few days. Observing a new withdrawal activity, the market analytics platform reported that FalconX once again withdrew 2.5 million LDO, which is valued at approximately $4 million, from Binance. Currently, FalconX has accumulated a total of 9.18 million LDO, valued at approximately $14.7 million, over the past nine days.

Even on Friday, FalconX had withdrawn 1.23 million LDO from Binance. At reported time, it seems the 1.23 million LDO was valued at approximately $1.86 million. This withdrawal activity may create an op…

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