Lido Growth Committee Multisig Wallet Receives 4.82 Million LDO Tokens, Possibly Related to Buyback Execution
According to on-chain analyst Yujin (@EmberCN), 4.82 million LDO tokens—worth approximately $1.81 million—were withdrawn from Binance early this morning and transferred to a multisig wallet managed by the Lido Growth Committee; this wallet is designated for executing buyback operations.
Lido approved a proposal three days ago authorizing up to 10,000 stETH to be used for repurchasing LDO. Additionally, the Growth Committee announced the execution parameters for its first buyback—1,000 stETH—two days ago. Furthermore, this multisig wallet also received 4.82 million LDO from market maker Portofino early this morning.
