LDO price rallied 85% since Ethereum announced The Merge schedule
On July 15, Ethereum developers confirmed that their network’s much-awaited transition to proof-of-stake from proof-of-work, dubbed The Merge or Ethereum 2.0, would tentatively occur on September 19.
LDO surged nearly 25% on the day of the announcement due to its close ties to Ethereum. From the low of $0.862 on July 15 to July 18, LDO has delivered an 85% return for investors.