- Santiment, the blockchain analytics firm, tweeted yesterday that LDO recorded its largest transaction in 2 years.
- According to the post, $135 million LDO was recently sent from one self custody wallet to another.
- At press time, LDO’s price was trading at $1.85 following a 1.45% drop.
In a tweet yesterday, the blockchain analytics firm Santiment mentioned that Lido DAO (LDO) recently saw its largest transaction in 2 years. According to the post, $135 million worth of LDO was moved from one self custody address to a new one. Notably, this is the 8th largest transaction of all-time on the LDO network.
At press time, the altcoin’s price stood at $1.85 after dropping 1.45% in the previous 24 hours, according to CoinMarketCap. LDO was, however, still able to outperform the market leaders Bitcoin (BTC) and Ethereum (ETH), and printed a 0.02% gain against BTC and a 1.56% gain against ETH.
The last 3 weeks have been troublesome for the altcoin’s price, as it spiralled downward during this period. As a result, the key support level at $2.218 was flipped into resistance and a bearish cross between the 9-day and 2…
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