The post Lido DAO team address tanks LDO price with active selling appeared on BitcoinEthereumNews.com.

Lido DAO tokens returned closer to their three-month lows after peaking above $1.16 on May 14. On-chain investigators noted activity originating from Lido’s team wallets.  Lido DAO (LDO) erased its recent gains, sinking to $0.87 from a local peak above $1.16 in the previous week. LDO was on a recovery arc, as the biggest liquid staking protocol and one of the key sources of value locked on the Ethereum ecosystem.  Wallets identified as belonging to Lido DAO resumed sending tokens to exchanges after a pause over the weekend. | Source: Etherscan On-chain data showed active selling originating from whale wallets. The seller addresses were identified as belonging to the Lido DAO team, extending a recent selling run with daily transfers of LDO to exchanges. The selling happened just days after the protocol suffered an oracle attack. On Monday, one of the identified wallets sent out a total of 3.5M LDO to several leading centralized markets, with 2M of the tokens allocated to Binance. Arkham Intelligence does not flag the wallet as belonging to Lido DAO but as an Ethereum token whale.  The seller paused over the weekend, after Friday’s deposit of 1.5M LDO to Binance. The selling streak was the major factor behind the LDO price slide.  In total, the wallets identified as belonging to the team have transferred 21.31M LDO to exchanges, valued at $21.26M. LDO tokens are 90% unlocked, with founders and initial developers holding around 25% of tokens.  Lido DAO may also sell BLUR The wallets identified as belonging to the Lido DAO team also sold BLUR tokens, contributing to the price drop.  The seller deposited 34.2M BLUR valued at $4M to multiple exchanges. Later, the whale made a 4M USDT deposit on Kraken, putting the proceeds from the sale to work.  As a result of the…

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Filed under: News - @ May 19, 2025 12:28 pm