Should LDO holders be worried? Institutional investors' selling spree means...
Other factors such as declining network growth and volume could have also impacted the institution’s decision-making process.However, not all institutions were selling their positions. In fact, funds such as Paradigm and DCG remained undeterred and have continued to hold on to their LDO.Even though a significant majority of the holders sold their holdings, the Lido protocol has continued to see some improvement in multiple sectors.
In fact, according to Messari’s data, the number of unique users on the Lido protocol hiked by 0.28% over the last 24 hours.The aforementioned observation can be coupled with the fact that the revenue generated by the protocol appreciated by 85% in the last 24 hours. In fact, the protocol managed to generate this kind of revenue despite a decline in daily active users on the protocol. This implied that the spike in revenue was due to the transactions of a few key addresses.Subscribe to get it daily in your inbox.
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