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LDO Ranks Among Top 10 Tokens for ETH Whales

Lido Finance's LDO token gains popularity among Ethereum whales following network improvements and increased node operator activity.
Published on 2023-03-03

LDO's Rise in Popularity

LDO, the governance token of Lido Finance, has emerged as one of the top 10 purchased tokens among the largest Ethereum whales. This surge in popularity is tracked by WhaleStats, an online platform monitoring major Ethereum token holders. The recent interest in LDO coincides with significant updates and enhancements on the Lido network.

Increase in Node Operators

In the fourth quarter of 2022, Lido Finance observed a rise in active node operators. This expansion included the addition of Prysm Ethereum Client and AttestantBVI, raising the total to 29 operators. These developments highlight the network's growth and the positive impact of recent onboarding and community discussions.

WhaleStats and Market Insights

WhaleStats provides comprehensive analytics on Ethereum-based tokens, monitoring up to 5,000 large wallets. These wallets collectively hold over $12 million in assets, including Ethereum and various digital tokens. The platform's tools, such as the Whale Fear and Greed index, reveal an "extreme greed" sentiment in the Ethereum market, with a balance between whale buyers and sellers. Notably, the ETH buy volume slightly exceeds the sell volume, indicating a bullish trend.

Conclusion

The increased activity and strategic updates in the Lido network have propelled LDO into the spotlight among Ethereum whales. As Lido Finance continues to enhance its platform, the token's appeal is expected to grow, further solidifying its position within the cryptocurrency market.

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