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Whale awakens and sells 6.2 million LDO: Lido Token falls below key support, next stop $0.45?
[Coin World] A dormant Whale that has been asleep for a long time suddenly woke up and threw 6.2 million LDO into a certain leading exchange - this operation resulted in significant losses. Worse, it added more fuel to the already weak Lido DAO Token.
The price has broken through the support line of $0.7326, with the next buying zone at $0.4560. Market sentiment? One word: terrible. The proportion of short accounts has soared to 57.61%, and open contracts have shrunk by 4.16% to $60.07 million. Speculative enthusiasm is cooling down, but selling pressure is accumulating.
LDO's current trend is like a ticking time bomb; after losing the key support level, the chain reaction may just be beginning.