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Note that the Lido Dao (LDO) is weaker than the general market, and continued its upward climb until the end of the last ten weeks.
The first hours of Asian trading saw the stock rise to the highest level level level level level level level level. At the time of writing, it was trading at $0.38, up about 10% over the past hour. it turned out the other way around overall market decline by 0.18%.
This latest move comes after a recent uptick, where LDO made 2 weekly gains according to BeInCrypto Markets data. Its market capitalization reached more than 328.5 million dollars, while the volume reached trading during 24 hours more than 60 million dollars.
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supports the pressure of the holders height of the lido dao
Network activities indicate that the rise is driven by strong fundamentals. Sentiment reported that Lido Dao saw the creation of 141 new wallets in one day.
This is the highest level of growth for the network in two months. The analysis company linked this rise to the LDO price gain.
said manifesto That this matter contributed to the increase in price by 21% during the last two weeks.
Nansen’s data confirmed the theory of compression. The largest 100 LDO title increased from its combined holdings to 792.77 امعة, with a height of قد1ر فيفاع قد1ر فيفاع ف1. unit.
At the same time, stock market reserves fell by 1% during 24 hours and 2.92% weekly.
He pointed out that a decrease in stock market reserves usually indicates a decrease in selling pressure. When the stocks move from the stock market to the private portfolio, it suggests that the stock market is holding the portfolio for long-term gains rather than getting ready to sell.
This increase coincides with the government’s proposal from the Lido system’s operations team to aim for 000 stETH, which is about 20 million dollars, from the DAO treasury to buy LDO tokens again.
Taken together, these indicators point to improved primary demand for LDO. If these trends continue, especially with the proposed repurchase initiative, it is possible that the symbol will be on the upward trend in the near term.
However, he continued to point out that general market conditions are still a major factor if this rise is to turn into a more stable trend.
