Key takeaways:
- Whales have moved approximately 50 million LDO tokens to crypto exchanges over the past month.
- Lookonchain identified a major whale as Paradigm Capital, one of the prominent institutional hodler of LDO.
- Various market experts predict a huge bear phase for LDO soon.
- The institutional sell-offs haven’t yet been witnessed in the charts, igniting contradictory forecasts.
A recent on-chain exploration by Lookonchain revealed that various wallets belonging to institutions have transferred around 50 million LDO to exchanges over the past month. Significant transactions are from Paradigm Capital, which deposited 12 million LDO, worth $9 million, to various exchanges via wallet 0xC4Db.
Paradigm Capital still holds 13 million LDO in its wallets, and its short dumps signal more could follow. However, the speculated selling pressure has not yet been witnessed in charts. While several blockchain experts see this as a sell signal, others consider it a strategy to accumulate more LDO by igniting panic.
As the native asset of the prominent decentralized autonomous organization Lido DAO, the $LDO token has witnessed high trading volume this week. Contrary to the speculations, it exhibited 8% growth today, trading at a price of $0.86 per token.
Analysts Connect Lido DAO’s Selling Pressure to Critical Oracle Compromise
A month ago, the Lido DAO community organized an emergency voting event following a breach associated with Chorus One, an oracle that handles the data of validator performance and balances.
The compromise stemmed from a wallet address, resulting in the loss of Ethereum from the same wallet. Although it remained an isolated event, it ignited panic among the community. Various analysts opine that this loss of confidence in the broader Lido infrastructure ignited institutional selling.
Institutional Selling Not Yet Witnessed in LDO’s Charts
LDO’s current price is higher than its price two months ago, surged primarily due to the launch of dual governance for stETH holders and the increase in user base. On April 9th, 2025, LDO went to a yearly low of $0.6276, and it is 25% up from that point.
According to Lookonchain, more selling could be on the way, resulting in red candles soon. The current 4-hour timeframe’s RSI and MACD indicate a clear bearish trend.
LDO’s Current Market Scenario
Despite being 8% up today, the LDO token is 95.36% down from the all-time high it achieved four years ago, precisely on November 16th, 2021. However, it is 112.65% up from the all-time low it witnessed three years ago. The overall sentiment is bearish, and it is trading below the 200-day simple moving average.
- Fear & Greed Index: 71 (Greed)
- Market Sentiment: Bearish
- Supply Inflation: –
- Dominance: 0.02%
- Volatility: 9.75% (High)
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About Lido DAO
Founded in 2021, Lido DAO is a decentralized autonomous organization that provides liquid staking services for the Ethereum blockchain. ETH users can stake their ERC-20 assets in Lido and earn rewards. It is one of the prominent players in the liquid staking derivatives market, with approximately 10 million ETH locked up, mainly by institutional investors.
The native token of the DAO is $LDO, used for transaction fees and governance. LDO hodlers will be able to partake in the crucial community decisions through voting, and can earn extra LDO for their contributions.