Whale Shocks Crypto World: Buys 2.7M LDO Tokens! Will It Hit $2? 🐋💰

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So, guess what? A whale – yes, an actual whale (not the blubbery kind, but you get it) – has just splashed out a whopping 2.7 million LDO tokens. 🐳💸 I mean, who needs a yacht when you can buy crypto, right? Apparently, LDO, the darling of Lido DAO, is supposed to be this big deal in the staking world. But let’s be real, it’s been about as popular as a soggy biscuit, with prices plummeting 39.25% over the past year while everyone else is riding the bullish wave. Talk about bad timing!

According to the data from Onchain Lens (which sounds super fancy, doesn’t it?), our whale friend traded 1,512 WETH worth $4.93 million for those 2.7 million LDO tokens at an average price of $1.82. Now, this whale is sitting on a cool 5.74 million LDO, valued at around $10 million, but with a floating loss of roughly $1.83 million. Ouch! 😬

LDO’s Impressive Numbers (Or Not)

So, here’s the scoop from CoinMarketCap: LDO is currently trading at $1.76, down 3.3% in the last 24 hours. And let’s not even talk about the fact that it’s down 90.57% from its all-time high of $18.62 from three years ago. I mean, it peaked and then just… fell off a cliff. In the last day, it hit a high of $1.91 but couldn’t muster the courage to break that pesky $2 barrier. It also dipped to $1.69, but hey, it’s back up. Kind of like that friend who keeps ghosting you but then suddenly texts you at 3 AM.

Lido is the top dog in the DeFi world, boasting a total value locked (TVL) of $31.047 billion. That’s billion with a B, people! And its market cap? A measly $1.58 billion. Meanwhile, in the last 30 days, Lido raked in $8.56 million, which sounds great until you realize it’s ranked 68th in the crypto popularity contest.

And speaking of big names, guess who’s staking ETH through Lido? None other than the new US president Donald Trump’s entity, World Liberty Financial. They staked a massive 4747 ETH (that’s about $3,261 each) just as he was sworn in. Timing is everything, right?

Now, according to DLNews, Lido has plans to woo institutional investors soon. They’re pushing for their star product, stETH, which is basically a tradable version of stake Ether. Because why not complicate things further?

Lido DAO (LDO) Technicals (Because Why Not?)

According to TradingView (which sounds like the place where all the cool kids hang out), LDO’s Relative Strength Index (RSI) is sitting at 48.78. Translation? The bears are in charge, and it’s looking a bit gloomy for our altcoin friend. The line’s gradient suggests it’ll be a bit of a yo-yo in the short term.

Source: TradingView

Meanwhile, accumulation levels for LDO spiked in mid-November and have been hanging around ever since, with a few hiccups. If buyers start flexing their muscles like they did back in November, we might just see Lido DAO token break that elusive $2 mark. Fingers crossed! 🤞

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2025-01-21 12:51