Lido DAO (LDO) has experienced a significant price surge, climbing over 17% in the past 24 hours, with trading volume soaring 129% to exceed $100 million. This rally follows the conclusion of a proposed buyback program in March, which has bolstered market activity and tightened supply. The DAO's recent vote to initiate a second buyback program, acquiring LDO worth 10,000 ETH, has further fueled speculative trading.
Lido Finance has also surpassed Rocket Pool to become Ethereum's leading permissionless staking solution, with active validators now exceeding 100. The staked ETH market cap for Lido stands at $22.44 billion, significantly ahead of competitors. Despite the bullish metrics, LDO's price action remains uncertain, with a potential target of $0.70 if it maintains support above $0.33.
Lido DAO Trading Volume Surpasses $100M Amid Price Surge
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