Lido DAO (LDO) has experienced a strong bull run, with its price increasing by 33% in the past 24 hours. This surge in price follows Bitcoin reaching a new all-time high after the U.S. presidential elections. Despite the recent price increase, LDO is still down by 92% from its all-time high in November 2021. On-chain data indicates increased whale activity, with large holders accumulating significant amounts of LDO. This accumulation could trigger fear of missing out (FOMO) among investors and lead to price volatility.
- Content Editor ( crypto.news )
- 2024-11-07
Lido DAO emerges as top gainer on the back of whale accumulation