- A Lido DAO whale showed activity which caused community members to turn attention to the altcoin.
- LDO’s daily trading volume has surged by 16.17% as per CMC data.
The past day has seen numerous cryptocurrency activities both in terms of whales and institutional buyers. Recently Tron Founder, Justin Sun discussed how the firm is strategically investing in WLFI. In turn, the community has been discussing World Liberty Financial’s crypto holdings in the last 24 hours.
Meanwhile, recently, according to Spot On Chain reports, a dormant Lido DAO whale has resurfaced after a year of nil activity. The whale identified with the address, “0x655” bought LDO in January 2024. They currently hold 5.675 million tokens worth $10.15 million.
Over the past year, the whale has incurred a loss of $1.47 million as per the reports. Recently, 4 hours ago, the Lido DAO whale swapped 10.539K FXS tokens for 17.566K LDO tokens. Moreover, the whale has shown several buying activities of LDO over the past 24 hours as per On-chain data.
This has caused Lido DAO to draw attention within the crypto market. The altcoin has been showing bullish signs over the past week. Additionally, in the past day, Lido DAO recorded a modest price increase of 3.90%.
Lido DAO Price Overview
The altcoin has caught significant market attention with its price activity over the past few days. Particularly, in the last 24 hours, Lido DAO, as aforementioned, has continued its upward progress. At the time of writing, LDO was trading at $1.83 as per CMC data.
Zooming out, onto its weekly chart, the cryptocurrency shows a 7.87% hike after recent dips. However, on analyzing its price data, LDO shows increased fluctuations thus causing the modest price increases observed in the charts.
Meanwhile, other altcoins such as Chainlink and Raydium have shown bullish momentum in the past 24 hours as per data aggregators.
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