2023-05-08
According to Santiment, a data analysis firm, Lido DAO recently saw its largest
transaction in two years, valued at over $135 million,
while transaction volume continues to increase.
Lido is currently ranked 35th among the largest cryptocurrencies, with a market cap of $1.6 billion. Santiment notes that the massive transfer of 135 million LDO tokens from a self-custody wallet to a new address was an enormous event.
Ref: Santiment on Twitter
This transfer of 70 million LDO
tokens was the eighth-largest transfer to date, and it occurred amidst a
reduction in large transactions on the Lido DAO network. According to
IntoTheBlock data, the largest transactions on the network with a value of over
$100,000 occurred on February 8, with
138 such transactions. As of May 4,
the number of large transactions on the network had decreased to 38,
a 70% decrease.
Meanwhile, the price of LDO has been continuously
declining since touching its all-time high of $3.32 in
mid-February, currently sitting at $1.85.
