Pepe Coin Whales Boost Lido DAO Prices with Major Investments – BitRss

A prominent Pepe Coin whale has significantly contributed to the recent 18% increase in LDO ($1.98) prices through its substantial investment in Lido DAO ($1.96). This decentralized staking solution is garnering increasing interest among crypto enthusiasts, and the token has recently shown signs of accumulation. This article explores the whale’s latest investments and assesses the cryptocurrency‘s potential performance in the coming days.

Whale Activities in Lido DAO Purchases

The well-known Pepe Coin whale, identified by the wallet address “0x373,” has gained attention within the crypto community. According to the transaction tracking platform Spot On Chain, the whale purchased 1.167 million LDO tokens using approximately $2.38 million worth of 664.5 ETH ($3,302.35). The average purchase price for the tokens was around $2.036 each.

This substantial purchase indicates increased confidence in Lido DAO. The whale’s wallet still holds $2.56 million worth of 750 WETH, suggesting the investor may continue accumulating LDO. LDO is progressing towards being a market leader with its innovative solutio…