Major whale activity spotted in the market. A significant trader just accumulated substantial positions, scooping up 1.855 million LDO tokens valued at approximately $1.03 million, while simultaneously purchasing 549,868 PENDLE worth around $973K in the past hour.

LDO, the governance token for Lido, and PENDLE, the incentive token for Pendle Finance's yield trading protocol, have both been accumulation targets for large players recently. This latest acquisition by a prominent crypto fund manager signals renewed institutional interest in these DeFi-related assets. The timing and size of these purchases hint at possible bullish positioning ahead of potential protocol developments or yield opportunities.