Lido DAO price falls sharply as whale dumps LDO tokens

CoinMarketCap10-31

Lido DAO price fell sharply as the broader crypto market pared gains alongside Bitcoin’s dip to near $70,700. On Oct. 31, the price of Lido DAO (LDO) declined over 10% to trade near $1.05 before ...

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Lido DAO’s latest price slip leaves holders down 41% over the past year, with the token in a downtrend since reaching $3.78 in early January 2024.You might also like:  VISTA up over 60% following launch of pump.fun alternative Etherfun","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4510":"在线教育","BK4506":"内地教育股","DAO":"有道","BK4204":"教育服务","BTC":"Grayscale Bitcoin Mini Trust"},"translate_title":"随着鲸鱼抛售LDO代币，Lido DAO价格大幅下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"DAO":1},"content_text":"Lido DAO price fell sharply as the broader crypto market pared gains alongside Bitcoin’s dip to near $70,700.\nOn Oct. 31, the price of Lido DAO (LDO) declined over 10% to trade near $1.05 before regaining some ground. This downturn erased most of the gains from the recent rise from $0.99 on Oct. 28 to $1.15 on Oct. 30.\nThe crypto market’s reaction to the U.S. Personal Consumption Expenditures index for September contributed to the sell-off.\nBitcoin (BTC) also appeared to respond negatively to the PCE index. While Lido DAO’s decline mirrored dips in other altcoins, data from Spot On Chain suggests that a whale’s sell-off of Lido DAO tokens added to the downward pressure.\nRead more:  Dogecoin readies to rebound, whale volume suggests bullish expectations on WallitIQ \nAccording to Spot On Chain, a whale address that had held Lido DAO for three years sold off its entire holding on Oct. 31.\nThe wallet address 0x9244 swapped all 458,860 Lido DAO tokens, worth $489,600, for 181.6 Ether. The sale took place shortly before Ether’s price dipped to lows of $2,549, marking a 24-hour decline of nearly 5%.\nDespite the sale, the whale incurred a loss, as their average accumulation price over the past three years was $2.50 per token, resulting in a loss of approximately $900,000.\nLido DAO’s latest price slip leaves holders down 41% over the past year, with the token in a downtrend since reaching $3.78 in early January 2024.\nOn-chain data from IntoTheBlock shows that 91% of Lido DAO holders are at a loss at current prices, while the remaining 9% are breaking even. Further declines could push more holders into the red.\nYou might also like:  VISTA up over 60% following launch of pump.fun alternative Etherfun","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480005884"}