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LDO reacts to $4.5M whale transaction amid volatility

LDO reacts to $4.5M whale transaction amid volatility

GrafaGrafa2025/02/21 12:00
By:Mahathir Bayena

Whale activity and market volatility are currently impacting Lido DAO's (CRYPTO:LDO) price action, creating a complex scenario for traders in February 2025.

LDO, the native token of Lido DAO, has experienced notable price fluctuations influenced by significant transactions from large holders.

A wallet associated with Wolfgang Albrecht deposited 2.6 million LDO, valued at $4.5 million, into Coinbase.

This move, combined with previous transactions, suggests possible price shifts.

Albrecht's wallet plays a crucial role in LDO's market dynamics, having received 3.33 million LDO worth $8.21 million from an LDO Vesting wallet in 2023.

Subsequently, 683,333 LDO were sold for $1.34 million USDC (CRYPTO:USDC) and 205.79 ETH (CRYPTO:ETH), valued at $364,000.

Before the recent deposit, Albrecht held 50,000 LDO worth $86,600.

The 2.6 million LDO deposit could indicate profit-taking or repositioning, potentially exerting downward pressure on LDO’s price.

Technical analysis of LDO/USDT on the 4-hour Binance chart indicates a consolidation phase following previous volatility.

The MACD indicator shows a flattening histogram, signaling weakening momentum.

The Relative Strength Index (RSI) at 46.87 suggests a neutral position, reflecting indecision among traders.

The Crypto Fear Greed Index at 49 implies balanced sentiment, amid stabilising price movements and uncertain technical indicators.

The number of active addresses with a balance has steadily increased, reaching 48,000 by February 17, 2025.

Despite price fluctuations, total addresses with a balance continue to grow, indicating sustained user participation and holding activity.

Analysis of LDO's spot inflow/outflow chart reveals periods of significant buying and selling pressure, heavily influenced by whale activity.

Large outflows could correlate with potential sell-offs or liquidity movements.

Spikes in inflows are often followed by price reactions, potentially linked to whale-driven market actions.

LDO's volatility remains elevated, closely tracking price movements.

On February 17, volatility stood at 122.06%, indicating persistent market uncertainty.

At the time of reporting, the Lido DAO (LDO) price was $1.83.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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