Lido Finance Is Under Intense Pressure To Sell
Key Point:
- Lido Finance is the least ideal financial instrument to own for any type of investor due to the price performance of LOD’s token on the market, as it has been steadily losing value throughout November and December.
- LDO has been in a strong downturn since August 2022, losing more than 70% of its value for the year.
- Lido Finance came under intense pressure from investors who questioned the project’s chosen economic strategy.
Lido Finance is the least ideal financial instrument to own for any type of investor due to the price performance of Lido Finance’s token on the market, as it has been steadily losing value throughout November and December.
The most recent educational post from LookOnChain may provide an explanation for the market behavior of the asset.
One of Lido Finance’s original investors sold about $700,000 worth of LDO less than 24 hours ago, which may have been the primary cause of the most recent 8% price decline, according to on-chain data.
Stani Kulechov has now made more than $2 million in profit by selling all 2 million LDO that were allotted on December 17, 2020, at prices of up to $1.2 per token. Unfortunately, retail holders suffer a terrible loss when a seed investment succeeds.
LDO has been in a strong downturn since August 2022
LDO has been in a strong downturn since August 2022, losing more than 70% of its value for the year. Only during the pre-Merge market era, when the DAO was one of the most well-liked methods of obtaining liquidity using staked Ethereum, has Lido demonstrated performance that was above average.
Following the introduction of Ethereum staking, Lido Finance came under intense pressure from investors who questioned the project’s chosen economic strategy. Investors receive a token from Lido in return for staked Ethereum that serves as a liquid representation of their locked assets. The decentralization of the entire Ethereum staking sector involves some risks because of the centralized nature of token issuance, which could become a concern in the future.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
Author
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Lido Finance Is Under Intense Pressure To Sell
Key Point:
- Lido Finance is the least ideal financial instrument to own for any type of investor due to the price performance of LOD’s token on the market, as it has been steadily losing value throughout November and December.
- LDO has been in a strong downturn since August 2022, losing more than 70% of its value for the year.
- Lido Finance came under intense pressure from investors who questioned the project’s chosen economic strategy.
Lido Finance is the least ideal financial instrument to own for any type of investor due to the price performance of Lido Finance’s token on the market, as it has been steadily losing value throughout November and December.
The most recent educational post from LookOnChain may provide an explanation for the market behavior of the asset.
One of Lido Finance’s original investors sold about $700,000 worth of LDO less than 24 hours ago, which may have been the primary cause of the most recent 8% price decline, according to on-chain data.
Stani Kulechov has now made more than $2 million in profit by selling all 2 million LDO that were allotted on December 17, 2020, at prices of up to $1.2 per token. Unfortunately, retail holders suffer a terrible loss when a seed investment succeeds.
LDO has been in a strong downturn since August 2022
LDO has been in a strong downturn since August 2022, losing more than 70% of its value for the year. Only during the pre-Merge market era, when the DAO was one of the most well-liked methods of obtaining liquidity using staked Ethereum, has Lido demonstrated performance that was above average.
Following the introduction of Ethereum staking, Lido Finance came under intense pressure from investors who questioned the project’s chosen economic strategy. Investors receive a token from Lido in return for staked Ethereum that serves as a liquid representation of their locked assets. The decentralization of the entire Ethereum staking sector involves some risks because of the centralized nature of token issuance, which could become a concern in the future.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
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