| Cryptocurrency | Price (USDT) |
|---|---|
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| ETH | $2435.1270000000 |
| BNB | $647.9295600000 |
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Category: CRYPTO NEWS
The post Lido whales dump $10 mln tokens — But that’s not LDO’s only problem appeared on BitcoinEthereumNews.com. 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 during price drops. At the time of writing, Lido DAO [LDO] saw a sharp 10.37% drop in the past 24 hours, falling to $1.01. This drop, paired with exchange movement, has raised concerns over further downside pressure in the short term. Trouble for LDO’s price stability Lido DAO showed weakening engagement across its network. Daily Active Addresses hover at 139, while transaction count has slipped to 72. This trend suggests fewer users are interacting with the protocol. Consequently, falling user metrics typically lead to reduced organic demand. Moreover, network inactivity often correlates with price stagnation or correction. When large holders move tokens to exchanges amid weak participation, the result tends to be negative. Source: Santiment Moreover, Price DAA Divergence stood at -6.55%, reinforcing the bearish outlook. The value meant that the recent price action lacked user-driven strength. In most cases, price increases that outpace user growth do not last. Therefore, this gap points to an unstable rally. When the price climbs without support from users, the risk of correction increases sharply. Unless participation rises, price will likely retreat again. Market metrics reflect caution as buyers hesitate LDO’s MVRV Z-Score hovered around -0.133, suggesting mild undervaluation. This score means holders are near breakeven. However, the signal lacks strong accumulation pressure. In previous cycles, deeper MVRV lows often triggered significant rebounds. That’s not the case here. Buyers appear hesitant. The level is neutral and does not hint at a reversal.…
2025-05-16T03:37:11+00:00