Paradigm Capital transfers $8.41 million worth of LDO, or may sell

According to on-chain analyst Ember (@EmberCN) monitoring, the Paradigm Capital address transferred 10 million LDOs (about 8.41 million dollars) 7 hours ago, and analysts expect it to be sold on the exchange later.
It is reported that Paradigm bought 70 million LDOs from the Lido treasury over the counter at $0.76 four years ago. In November last year, Paradigm sold 50 million LDOs at an average price of $1.31, making a profit of $27.50 million. The 10 million LDOs transferred this time are half of the remaining positions.
Or affected by continued institutional selling, LDO prices have fallen by 22% in the past month.