Lido Whales Dump $10 Mln Tokens — But that’s Not LDO’s only Problem

Large LDO Transfers Spark Speculation Amidst Market Activity

In the previous three days, the crypto community has been paying special attention to the Lido DAO (LDO) tokens due to some hefty on-chain activity. Or, to put it more bluntly, two Ethereum addresses have sent a combined total of over 30 million dollars’ worth of LDO to some very prominent centralized exchanges—almost within the same 24-hour period. This begs a couple of questions. For one, what in the world is going on here? And for another, wh…

Whale-related deposits and weak user activity are fueling sustained bearish pressure on Lido DAO. Technical rejection at $1.20 and declining derivatives metrics are supporting the...

Lido whales dump $10 mln tokens — But that’s not LDO’s only problem

Whale-linked deposits and weak user activity point to sustained bearish pressure on Lido DAO. Technical rejection at $1.20 and declining derivatives metrics support short-term downside risk. A wallet linked to DeFiance Capital deposited 9.3 million LDO, worth about $10.1 million, into major exchanges. These include Binance, OKX, Bybit, and Gate.io within the last 48 hours. Such large-scale inflows often signal planned sell-offs, especially durin…