Lido DAO (LDO), the liquidity token for staked assets, continues to draw massive attention in the cryptosphere with price movements and diverse projections. Following a crash tied to Bitcoin's dip, LDO, along with JUP and FET, has experienced double-digit declines. Despite a long-term downturn prediction made for 2025, the token has shown strength by outperforming Bitcoin and leading the top 100 altcoins at times.
Grayscale, a giant in the crypto world, has launched new trusts for Lido DAO, which has led to a whopping 13% increase in the price, spurred by $90 million accumulated by crypto whales. LDO also showed a promising price recovery after prolonged consolidation.
Cryptocurrency enthusiasts crowning it as the 'Layer 2 Leader with Highest Total Value Locked (TVL)', as whales shopped for potential gains. However, a former LDO holder has filed a class-action lawsuit against Lido DAO over crypto losses, drawing negative attention. Contributing to the mixed sentiment around the token is a rumored issuance of an
SEC notice, which led to a 10% fall in its value, but it bounced back with another 45% rise in just one week. Elements like Grayscale adding the LDO token to its Defi fund and rumors of a new Ethereum staking module have stimulated interest in Lido DAO. Despite an apparent yo-yo effect, the token's value has spiked by 18% and 30% at times, an observable bullish echoing in the market.
LDO Coin News Analytics from Fri, 22 Feb 2019 08:00:00 GMT to Wed, 11 Jun 2025 11:31:48 GMT -
Rating 4
- Innovation 6
- Information 7
- Rumor 3
