LDO whales continue selling as Lido DAO price crashes to a seven-month low

Lido DAO price has been in a macro downtrend since February this year, which is seemingly affecting the investors significantly. Lido DAO price at the time of writing was down by more than 8% in the last 24 hours. Most of the decrease in value is the result of the broader market cues, which are still bearish since the recent crash. This is visible among whale addresses as they have been selling for the last few weeks, and by the looks of it, their behavior might not change anytime soon. The addresses holding between 100,000 LDO to 1 million LDO have sold nearly 8.2 million LDO worth over $12.3 million at the current price.

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