Whales, volatility, and how both are affecting LDO’s price action now
The post Whales, volatility, and how both are affecting LDO’s price action now appeared on BitcoinEthereumNews.com.
LDO/USDT’s price action on the 4-hour Binance chart underlined a consolidation phase following previous volatility Spot inflow/outflow chart highlighted periods of significant buying and selling pressure In February 2025, significant whale activity involving LDO, the native token of Lido DAO, drew the attention of crypto traders. A wallet linked to Wolfgang Albrecht deposited 2.6 million LDO, valued at $4.5 million, into Coinbase. This movement, combined with past transactions, hinted at possible price shifts on the charts. How major holders influence LDO’s price Wolfgang Albrecht’s wallet – 0x41339d9825963515e5705df8d3b0ea98 – played a key role in LDO’s market dynamics. In 2023, he received 3.33 million $LDO, worth $8.21 million, from an LDO Vesting wallet. He later sold 683,333 $LDO for $1.34 million USDC and 205.79 ETH, valued at $364,000. Before his most recent deposit, he held 50,000 $LDO, worth $86,600. The 2.6 million $LDO deposit may be a sign of profit-taking or repositioning, potentially putting downward pressure on LDO’s price. Large holder movements often signal market shifts, and Albrecht’s actions could be a sign of changing whale sentiment too. Key indicators and market sentiment LDO/USDT’s price action on the 4-hour Binance chart projected a consolidation phase following previous bouts of volatility. In fact, the MACD indicator pointed to a flattening histogram, with the Signal line hovering near zero – A sign of weakening momentum. Source: Coinglass The Relative Strength Index (RSI) at 46.87 hinted at a neutral position, neither overbought nor oversold. This reading can be interpreted to mean potential indecision among traders. Meanwhile, the Crypto Fear & Greed Index at 49 implied balanced sentiment, neither driven by extreme fear nor greed. Especially with price movements stabilizing and technical indicators signaling uncertainty. User engagement trends The number of active addresses with a balance has shown a steady uptrend too, climbing to 48,000 by…
Filed under: News - @ February 21, 2025 5:13 am