The post LDO Price Rallies 68% Ahead of Lido DAO’s First Tokenholder Update appeared on BitcoinEthereumNews.com.

Lido DAO’s token (LDO) has seen a remarkable 68% price surge in the past week, driven by anticipation surrounding the first-ever Lido DAO Tokenholder Update scheduled for this Thursday.  This optimism has been reflected in LDO’s price, signaling potential further gains for the altcoin in the short term. Lido DAO Prepares To Provide Major Updates The recent surge in LDO’s price has been accompanied by a significant jump in the number of new addresses. Over the past week, new addresses rose by 292%, climbing from 109 to 428. This marks a five-month high, indicating that more investors are entering the market with a positive outlook on LDO’s future. The sharp rise in new addresses is a clear sign that investor sentiment is overwhelmingly bullish. Many new holders are positioning themselves to benefit from potential price gains, spurred by the expected developments discussed in the Tokenholder Update. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Lido New Addresses. Source: Glassnode The NUPL (Net Unrealized Profit/Loss) metric for LDO is approaching a crucial threshold. Historically, when NUPL reaches the neutral mark of 0, it has often acted as a reversal point. This suggests that while LDO has been experiencing strong upward momentum, it could face a pullback if NUPL crosses this neutral zone.  If the NUPL indicator signals a shift from profit to loss for holders, it could signal a downturn in LDO’s price. While the altcoin is showing strong bullish sentiment, this key indicator suggests that traders should remain vigilant. Lido DAO NUPL. Source: Glassnode LDO Price Needs To Secure Support LDO price surged by 68% in the past week, reaching $1.53, just under the resistance at $1.56. The upcoming Tokenholder Update has created a strong bullish sentiment,…

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Filed under: News - @ August 13, 2025 10:25 pm