Lido DAO Price Surges 8% as $4.9M Whale Purchase Signals Strong Accumulation
The post Lido DAO Price Surges 8% as $4.9M Whale Purchase Signals Strong Accumulation appeared on BitcoinEthereumNews.com.
Caroline Bishop Jul 21, 2025 05:55 LDO trading at $1.22 (+8.18% in 24h) following massive whale accumulation of 2.7M tokens. Technical indicators show overbought conditions but bullish momentum continues. Quick Take • LDO currently trading at $1.22 (+8.18% in 24h) • Lido DAO’s RSI hits 81.47, signaling overbought conditions but strong momentum • Major whale purchased 2.7 million LDO tokens worth $4.93 million at $1.82 average What’s Driving Lido DAO Price Today? The most significant catalyst for today’s LDO price movement was the substantial whale accumulation reported on July 20th. A cryptocurrency whale acquired 2.7 million LDO tokens valued at approximately $4.93 million, with an average purchase price of $1.82 per token. This massive accumulation demonstrates institutional confidence in Lido DAO’s future prospects and has contributed to today’s 8.18% price surge. The whale’s acquisition at $1.82 suggests strong conviction even at elevated price levels, as the current LDO price of $1.22 represents a significant discount to their entry point. This type of large-scale accumulation often precedes sustained upward price movements, as it removes substantial token supply from active trading circulation. Additionally, Lido DAO’s recent community engagement through their 30th Node Operator Community Call on July 15th provided technical updates including ValSet improvements, CSM v2.0 testnet developments, and Dual Governance initiatives. While these developments had a neutral immediate impact on price, they reinforce the project’s ongoing technical progress and ecosystem development. Lido DAO Technical Analysis: Bullish Signals Emerge Despite Overbought Conditions The LDO price action today reflects strong bullish momentum across multiple technical indicators. Lido DAO’s RSI currently reads 81.47, indicating severely overbought conditions that typically suggest a potential short-term pullback. However, the strength of the underlying trend suggests this overbought reading may persist longer than usual. Lido DAO technical analysis reveals that…
