Whale Purchases 2.7 Million Lido DAO (LDO) Tokens for $4.93 Million
A whale has acquired 2.7 million LDO tokens, valued at approximately $4.93 million, by swapping 1,512 WETH. The whale now holds a total of 5.74 million LDO, facing a floating loss of around $1.83 million.
LDO's current trading price is $1.76, down 3.3% over the past 24 hours and 90.57% from its all-time high of $18.62. In the last day, it reached a peak of $1.91 but couldn't surpass the $2 resistance level, dropping to a low of $1.69 before recovering.
Lido DAO Key Metrics
- Total Value Locked (TVL): $31.047 billion
- Market Capitalization: $1.58 billion
- 30-day Revenue: $8.56 million
- 24-hour Revenue: $331K
- Rank: 68th largest cryptocurrency by valuation
Notably, Donald Trump’s entity, World Liberty Financial, staked 4,747 ETH through Lido Finance. Lido plans to focus on institutional users and promote its stETH product, a tradable version of staked Ether.
Technical Analysis
The Relative Strength Index (RSI) for LDO is currently 48.78, indicating bearish control. Accumulation levels have risen since mid-November, with potential for breaking the $2 mark if buying volumes increase.
