Lido DAO Witnessed a Mighty Whale By Binance Ahead of Shanghai Upgrade
- Binance Involves a Massive Transaction of Lido DAO Worth $4M.
- Lido DAO’s trading price increased by 2.98% in the last 24 hours.
The whole crypto market is eagerly waiting for Ethereum’s upcoming Shanghai upgrade. The anticipation for the Shanghai upgrade is increasing day by day. At the same time, Etherscan reported that a whale received 1.52 million Lido DAO (LDO) tokens worth $4 million from the world’s largest crypto exchange, Binance. The receiver address is newly created and currently only holds LDO tokens.
Lido Analytics: Mar 27 – Apr 3, 2023
— Lido (@LidoFinance) April 3, 2023
TLDR:
– TVL is 1.03% up thanks to new ETH, MATIC and SOL deposits.
– Lido's weekly share of new ETH deposits: 18.7%
– The stETH/ETH rate remained stable at 0.9989.
– wstETH's L2 expansion continued with a +4.94% jump over the last week. pic.twitter.com/5tMCFb9Mtc
Lido DAO (LDO) is the liquid staking solution for Ethereum. In recent days, LDO has been getting attention in the crypto market. LDO token continues the bullish trend over the past week. The coin witnessed a trading price increase of around 9% in the last seven days.
Lido DAO Making Strong Impression
When the whole market was waiting for the Shanghai upgrade, the whale transaction by the crypto exchange Binance added more attention to the LDO. It boosted the coin’s trading volume, which increased by 6.4% in the last 24 hours.
At the time of writing, the trading price of the LDO is $2.62, with an increase of 2.98% in the last 24 hours. With that, the coin climbed to the 30th rank on CoinMarketCap.
Lido DAO’s trading price has seen a lot of volatility since its launch. Despite all the ups and downs in the trading price of LDO last year, the coin has shown an impressive recovery in 2023. Now the LDO coin is showing strong bullish momentum in the crypto market. LDO’s trading price chart is making large waves and attracting attention with its massive surge.
Read more: https://thenewscrypto.com/lido-dao-witnessed-a-mighty-whale-by-binance-ahead-of-shanghai-upgrade/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
