Analyzing what triggered LDO’s TVL surge by $1B within 2 weeks
which could be a star performer in the near future. It remains one of the strongest assets in the market after a 280%+ rally in recent weeks.LDO price benefited majorly due to its association with Ethereum, the leading smart contract platform by total-value-locked . Main cause was- the platform held an enormous number ofHerein, the total number of Ether staked into the Merge smart contract via Lido has surged from 3.5 million on 13 June to 4.18 million at press time.
This could be the result of a series of momentum shifts for the said token. For instance, whales, the dominant buyers took advantage of the discounted price. According to IntotheBlock’s insight, whales nearly doubled their holdings over the past year as seen in the graph below.
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