PANews reported on February 12 that according to Spot On Chain monitoring, Chun Wang, the founder of F2Pool and Stakefish, sold 2.5 million LDO in the past 14 days in exchange for a total of US$4.5 million in USDT.

Since the 10.5-month gap ended on November 21, 2024, he has sold a total of 6.1 million LDOs, cashing out $10.42 million at an average price of $1.708. Currently, he only has 2.5 million LDOs left (about $3.88 million), far less than the 20 million LDOs he initially received as a member of Lido DAO.