Concerns are mounting in the crypto community as a wallet believed to be linked to the Lido team transferred over 21 million Lido DAO (LDO) tokens worth approximately $21.24 million to major exchanges like Binance, OKX, Bybit, and Gate.io last week. This sudden move triggered a 24% price drop for LDO from its previous level of $1.16 to $0.88, prompting speculation about the possible connection between these transfers and the token’s price decline. While the address hasn’t been officially confirmed as belonging to Lido Finance or its team, this significant transfer activity has sparked curiosity among on-chain analysts and crypto enthusiasts alike. Lido is one of Ethereum’s largest liquid staking protocols, and LDO serves as its governance token. Large-scale transfers from teams within the project are often interpreted by markets as potential selling signals. The timing and scale of these transactions have heightened scrutiny, especially considering the accompanying price drops. At this point, Lido has yet to issue a public statement regarding the wallet activity or confirm its official affiliation with the project. Investors and analysts remain closely watching for any confirmations from the Lido team. This information is provided as a general overview and should not be construed as investment advice.