According to @EmberCN, a whale or institution redeemed 526,000 LPT tokens (worth $4.81 million) from Livepeer's PoS staking contract and transferred them to Binance within the past hour. These LPT tokens were originally withdrawn from Binance and staked at a $5.9 price during February to April. With LPT surging 55% over the last week, this move is likely profit-taking, realizing an estimated $2.01 million gain. This large-scale deposit could increase LPT's short-term sell pressure and impact market liquidity. Source: @EmberCN, Twitter, June 5, 2025.