<ul><li>A wallet connected to DeFiance Capital deposited 9.3 million LDO tokens, worth $10.1 million, into major exchanges in the last 48 hours, signaling potential sell-offs amid a 10.37% price drop for LDO.</li><li>Lido DAO (LDO) is facing bearish pressure due to weakened network engagement, with fewer daily active addresses and transactions, leading to a lack of organic demand and potential price stagnation or correction.</li><li>Market metrics, like Price DAA Divergence and MVRV Z-Score, reflect caution as the price lacks strong user-driven support and buyers show hesitancy, indicating vulnerability for LDO's price stability.</li><li>Derivatives metrics, including trading volume and Open Interest, have declined significantly, restricting volatility and dampening upward momentum for LDO, potentially leading to further downside risks in the short term.</li></ul>

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

Discover more