Chun Wang, a well-known personality in the cryptocurrency community who co-founded two major mining pools, F2Pool and Stakefish, has kept on offloading large amounts of Lido DAO tokens (LDO). Just now, Wang sold another 300,000 LDO tokens for 517,926 USDT, at a price of $1.726 per token. This sale is part of an ongoing, larger strategy that has seen Wang liquidate millions of LDO tokens over the past several months. For a whale to do this and not have it affect the price in a significant way is pretty impressive. Since he came back to the market on November 21,
The post Chun Wang Continues LDO Sell-Off: A Closer Look at His Strategic Moves and Market Impact appeared first on The Merkle News.
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The VC firms sued in a California case were active in DAO management, much like general partners, said the court. They could face hefty lawsuits.
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Lido Finance is the market leader in Ethereum staking, claiming 28.2% of net ETH deposits.
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If a 19b-4 spot Ether ETF filing be approved, analysts anticipate the SEC won’t immediately sign off on the S-1, which is required for the products to launch.
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Lido, the largest liquid staking protocol, controls over 28.5% of all staked Ether, as liquid staking remains the largest DeFi protocol category.
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The investor claimed that 64% of Lido tokens are controlled by just a few venture capital firms, preventing ordinary investors from having any control over decisions.
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Bitcoin is holding above $26,500 and the price stability could lead traders to take a second look at SOL, LDO, ICP and VET.
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According to an analysis from investment manager firm VanEck, exchange volume across DeFi protocols declined to $52.8 billion in August, 15.5% lower than in July.
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If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies.
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LDO price is well-positioned to gain another 50% by June based on a classic bullish reversal setup after Lido DAO rebounds 40%.
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