Ethereum’s Rally Causes Lido DAO To Rise By 12%

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Lido Finance, one of the biggest staking platforms for Ethereum, was impacted by Ethereum’s recent rally, causing the price of Lido DAO (LDO) to surge by 12%.

Since yesterday, Ethereum has witnessed an increase in its pricing.

Santiment noted the initial spike in Ethereum’s prices could be attributed to a whale moving $22.2M worth of ETH tokens to an empty wallet. 



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Ethereum has since continued its uptrend and has moved past the $1,500K mark for the first time since the Merge. As of writing, Ethereum is priced at $1,527, up by roughly 13% within the last 24 hours.

The correlation between Ethereum and Lido caused the latter’s price to increase by 12%. 

This is because most investors choose the LDO token due to its exposure to staked Ethereum. Similar to Ethereum, $LDO also broke past the 50-day average resistance. Currently, $LDO is priced at $1.69.

Lido Finance, one of the biggest staking platforms for Ethereum, was impacted by Ethereum’s recent rally, causing the price of Lido DAO (LDO) to surge by 12%.

Since yesterday, Ethereum has witnessed an increase in its pricing.

Santiment noted the initial spike in Ethereum’s prices could be attributed to a whale moving $22.2M worth of ETH tokens to an empty wallet. 



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Ethereum has since continued its uptrend and has moved past the $1,500K mark for the first time since the Merge. As of writing, Ethereum is priced at $1,527, up by roughly 13% within the last 24 hours.

The correlation between Ethereum and Lido caused the latter’s price to increase by 12%. 

This is because most investors choose the LDO token due to its exposure to staked Ethereum. Similar to Ethereum, $LDO also broke past the 50-day average resistance. Currently, $LDO is priced at $1.69.

Written by
Ayush Pande