A dormant Lido DAO whale recently spent 4.9 million USD to acquire 2.72 million LDO tokens, signaling confidence in the asset. This has contributed to an uptick in buying pressure, with LDO now trading at 1.84 USD.
Increased whale transactions are aligning with positive retail investor sentiment, suggesting a bullish future for LDO. Should the trend persist, LDO could target the 2.1 USD resistance.
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