- The Lido DAO whale showed activity that prompted community members to turn their attention to the altcoin.
- LDO’s daily trading volume increased by 16.17% according to CMC data.
The past day has seen a lot of cryptocurrency activity both in terms of whales and institutional buyers. Justin Sun, founder of Tron, recently discussed how the company is strategically investing in WLFI. In contrast, the community has been discussing World Liberty Financial’s cryptocurrency holdings over the past 24 hours.
Meanwhile, recently, according to Spot On Chain Reportsthe sleeping Lido DAO whale has resurfaced after a year of inactivity. A whale identified with the address “0x655” bought LDO in January 2024. He currently has 5.675 million tokens worth $10.15 million.
Over the past year, the whale has reportedly incurred a loss of $1.47 million. Recently, 4 hours ago, the Lido DAO whale exchanged 10,539 thousand FXS tokens for 17,566 thousand LDO tokens. Moreover, the whale has shown several buying activities for LDO over the past 24 hours according to on-chain data.
This has led to Lido DAO attracting attention within the cryptocurrency market. The altcoin has shown bullish signs over the past week. In addition, in the past day, Lido DAO recorded a modest price increase of 3.90%.
Lido Dow Prices Overview
The altcoin has attracted significant attention in the market through its price activity over the past few days. In particular, over the past 24 hours, Lido DAO, as mentioned earlier, has continued its upward progress. At the time of writing, LDO is trading at $1.83 according to CMC Data.
Looking at the weekly chart, the cryptocurrency shows a 7.87% rise after recent declines. However, when analyzing price data, the LDO shows increased volatility resulting in modest price increases observed in the charts.
Meanwhile, other altcoins such as Chainlink and Raydium have shown bullish momentum over the past 24 hours according to data aggregators.
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