Lido DAO (LDO) sees largest transaction in years with $135 million moved LDO $LDO Staking DeFi LidoDao
It was also noted that the 70 million coin transfer was the eighth largest move of all time on the network. This comes amid a decline in large transactions on the Lido DAO network.data, large transactions worth more than $100,000 peaked on the network on Feb. 8, with 138 large transactions performed. As of May 4, the number of large transactions on the network had fallen to 38, representing a 70% drop.At the time of writing, LDO was up 3.17% in the last 24 hours at $1.85.
If the correction resumes, 1,970 addresses bought 10 million LDO tokens between $1.54 and $1.74 with an average price of $1.64, thus marking a demand area. On the other hand, Lido DAO must squash the short-term barrier near $2 to kick-start a fresh price increase. Lido DAO submitted a proposal in February over whether it should sell or stake the $30 million in Ethereum from its treasury.
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