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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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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 monitored that a whale/institution redeemed 526,000 LPT from the PoS staking contract in the past hour, amounting to 1,048,000 USD, and then transferred it to a CEX.
These LPT were withdrawn from CEX and staked at a price of $5.9 during the months of April to June. LPT has increased by 55% in the past week, which should be the reason he chose to redeem LPT and transfer it back to CEX to take profits, expecting to realize a profit of $2.01 million.