{"id":514886,"date":"2023-01-05T07:45:07","date_gmt":"2023-01-05T12:45:07","guid":{"rendered":"https:\/\/wncen.com\/?p=514886"},"modified":"2024-06-11T14:33:09","modified_gmt":"2024-06-11T14:33:09","slug":"are-whales-actively-accumulating-lido","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/are-whales-actively-accumulating-lido\/","title":{"rendered":"Lido Token Spikes, Are Whales Actively Accumulating LDO?"},"content":{"rendered":"
Following Ethereum whale interest in the <\/span>Lido <\/span><\/a>Finance token, LDO has gained massive momentum over the past week, up by 20%. Whalestats recently reported LDO was one of the most used smart contract tokens among the top 5,000 ETH investors.\u00a0\u00a0<\/span><\/p>\n While the reason for the token adoption may be quite glaring, its recent spike has begged questions from individuals wondering if whales are actively accumulating the Lido Finance token.<\/span><\/p>\n According to on-chain data, whales are interested in LDO. LookOnChain <\/span>reported<\/span><\/a> earlier today some investors received a massive amount of LDO tokens. As on-chain data reveals, 3.5 million tokens were received by an investor, and almost half a million were sold on the market at an average selling price of $1.37.<\/span><\/p>\n 9 hours ago, when the price of $LDO<\/a> rose from $1.24 to $1.42, an $LDO<\/a> investor received 3.5M $LDO<\/a> ($4.8M) and sold 500,000 $LDO<\/a> ($685,000) out, with an average selling price of ~$1.37.https:\/\/t.co\/FNpLOXv8Ad<\/a> pic.twitter.com\/23vrf7KBOb<\/a><\/p>\n — Lookonchain (@lookonchain) January 5, 2023<\/a><\/p><\/blockquote>\nWhales Accumulating LDO?<\/span><\/h2>\n
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