This incident is attracting significant attention from the cryptocurrency community, especially as it occurs amidst a volatile market. Below are detailed insights about this event based on the latest on-chain data (date 16/12/2025):
1. Transaction details:
According to on-chain analysis platforms (like Lookonchain), a wallet address believed to be linked to Konstantin Lomashuk (co-founder of Lido Finance) has executed large sell orders:
Sell quantity: About 14,585 ETH.
Average price: About 2,928 USD per ETH.
Total value: Estimated at around 42.71 million USD.
Time: Transactions occurred densely within an hour on the morning of 16/12/2025 (Vietnam time).
2. Action to convert to Stablecoin:
After selling ETH, the proceeds have been converted to USDC and USDT.
3. Why is this event important?
Market sentiment: When an "Insider" sells a large amount of assets, it often raises concerns among investors about the short-term outlook of the project or the price of ETH.
Connection to Lido (LDO): Although this is a personal transaction in ETH, since Konstantin is the founder of Lido (the largest staking protocol currently), this move could indirectly pressure the price of the LDO token.
Market absorption: The positive point is that the market has absorbed over 40 million USD of this sell-off without a "flash crash", indicating that Ethereum's current liquidity is still quite abundant.
4. Broader context:
Notably, this sell-off occurred right after news of BitMine purchasing a large amount of ETH and Wall Street banks launching cryptocurrency structured products. This indicates a strong divergence: while major financial institutions are accumulating, some veteran investors are choosing to realize profits.
Advice: The transactions of founders are often closely monitored, but it does not always mean that the project is in trouble. They may sell due to personal financial needs or reinvest in new projects (like the "Second Foundation" idea that Konstantin once mentioned).
The content is informational and analytical, not investment strategy advice.
