Over 4 Million Lido DAO (LDO) Tokens Transfer to Exchanges Sparks Fear
With the larger crypto market down once again, Lido DAO prices rebounded back to lower levels after charting a short-term recovery. Lido DAO LDO token showed a near 30% recovery over the last day, appreciating from the $0.95 level. However, the larger market’s bearish tones pulled LDO price down by 4.5% at press time as Lido DAO token traded at $1.13.
LDO price had retested the $1.25 mark, but macro market uncertainty pulled the token’s price action back to red. Despite LDO price’s short-term appreciation, there was a significant drop in daily active addresses (DAA) on Lido DAO. DAA noted an over 50% pullback on the last day. Notably, the daily on-chain transaction volume in loss rose to an all-time high on Nov. 9. With fear gripping LDO holders, the market saw considerable sell-offs, which could be seen in the high exchange inflows.
Source
https://t.me/Crypto_Bitcoin_Blockchain
