Lido Staking All Eth Reserve and Ldo Price Surge: Boosting The Sector With Confidence in Steth

Lido Staking All Eth Reserve and Ldo Price Surge: Boosting The Sector With Confidence in Steth

Lido Finance recently strengthened its conviction from the stake by demolishing all of his ETH reserves in Steth. As a result, the treasury of Lido Finance consists of 20.7% of Steth and 75.7% LDO. This corresponds to a value of $ 63 million each and $ 231 million. Lido Finance now has a balance of USD 304.7 million if you take LDO into account, and $ 72.5 million if you exclude LDO. With a stock of 33,000 Steth, Lido Finance is the 13th largest owner.

Although this measure has no direct impact on the price of the Steth token, it could further improve the mood around Steth. According to data from Santiment, a significant improvement in the weighted mood is predicted, which measures the overall perception of a cryptocurrency in the social field.

The activity in the Lido protocol remains high. According to TOKEN Terminal, the number of active users of the protocol rose by 20.3% last week, which led to an increase in sales of 7.5%.

Investors in LDO have also grown in the past few weeks. The price rose by 35.23%after testing the level of support of USD 1.62. The price reached a high of $ 2.208 on June 3 and shows an upward trend. If this trend continues and LDO tests the weakened resistance level of $ 2.506, the likelihood that the price will continue to increase.

The market capitalization of LDO in BTC terms is also impressive. The RSI (relative strength index) and CMF (Chaikin Money Flow) were 66.5 and 0.11 at the time of writing. This indicates that the flow of money and the dynamics are currently on the side of the bulls.

It remains to be seen how the measure of Lido Finance will affect Steth's TOKENOMIK. Overall, however, the mood around Steth seems to be positive, while interest and activity in the Lido protocol is increasing and the price of LDO has an upward potential.