ETH is up 31%, but why is staking leader LDO down nearly 10%? 🤔
BTC just broke above 80,000, and ETH is also outperforming the broader market—everything’s in the green. But today, Lido DAO’s LDO is bucking the trend, plunging 9.4%, with the price falling back to around $0.37.
This divergence is actually quite rare 👇
📌 LDO is the protocol with the largest amount of ETH staked. In theory, it should rise when ETH rises
📌 But the market is questioning: Lido’s revenue relies on staking fees. If more ETH shifts toward self-custody staking (solo staking) or DVT protocols, will Lido’s moat get thinner?
📌 There’s also another pressure point—LDO token unlock schedules have long been a headache, creating ongoing sell pressure
Based on current data:
• Contract OI is 45.23 million tokens—no large-scale liquidations, and shorts aren’t making big bets either
• Funding rate is +0.01%—basically neutral, not a selloff caused by a long squeeze/liquidation
• 24H trading volume is 91.95 million tokens—turnover is active, more like deliberate selling
So was this drop a true divergence, or is it pricing in something? Has the landscape in the ETH staking sector changed? Or is it just short-term profit-taking? This split is worth keeping an eye on.
Click the card below to quickly check the market👇
#LDO #Lido #ETH #以太坊质押 #加密货币
BTC just broke above 80,000, and ETH is also outperforming the broader market—everything’s in the green. But today, Lido DAO’s LDO is bucking the trend, plunging 9.4%, with the price falling back to around $0.37.
This divergence is actually quite rare 👇
📌 LDO is the protocol with the largest amount of ETH staked. In theory, it should rise when ETH rises
📌 But the market is questioning: Lido’s revenue relies on staking fees. If more ETH shifts toward self-custody staking (solo staking) or DVT protocols, will Lido’s moat get thinner?
📌 There’s also another pressure point—LDO token unlock schedules have long been a headache, creating ongoing sell pressure
Based on current data:
• Contract OI is 45.23 million tokens—no large-scale liquidations, and shorts aren’t making big bets either
• Funding rate is +0.01%—basically neutral, not a selloff caused by a long squeeze/liquidation
• 24H trading volume is 91.95 million tokens—turnover is active, more like deliberate selling
So was this drop a true divergence, or is it pricing in something? Has the landscape in the ETH staking sector changed? Or is it just short-term profit-taking? This split is worth keeping an eye on.
Click the card below to quickly check the market👇
#LDO #Lido #ETH #以太坊质押 #加密货币
