Last Updated on July 16, 2022 by Bitfinsider

Over the last 24 hours, the Lido DAO (LDO) token has emerged as one of the top choices of the largest Ethereum (ETH) whales. This activity has contributed to the LDO tokens experiencing a massive surge in the midst of the tumbling crypto market.

According to WhaleStats, LDO has entered the top ten list of tokens purchased by ETH whale wallets. A wallet called ‘Saitama’ purchased over $2.32 million in Lido DAO tokens. This accumulation was obtained in a single transaction.

Meanwhile, the same whale owns approximately $95.4 million in USDC tokens. This indicates that it is ready to collect more tokens.

According to data, LDO is also among the tokens with the highest trading volume among ETH whales. Meanwhile, the 24 hour trading volume of the Lido DAO token has increased by over 400% to $142.3 million.

In the last 24 hours, the price of Lido DAO tokens has increased by more than 21%. At the time of publication, it was trading at an average price of $1.07. Over the last 30 days, the token price has increased by more than 85 percent. However, it is still trading 94% lower than its all-time high.

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