LDO Token Jumps 15.95% on Whale Moves, SEC Clarity, and Lido Labs Update Anticipation

Lido DAO (LDOUSDT) has surged 15.95% in the past 24 hours, currently trading at $1.599 on Binance. The price increase is primarily attributed to heightened whale activity, including a notable purchase by Arthur Hayes and a large token transfer to Coinbase by Nansen CEO Alex Svanevik, as well as anticipation surrounding Lido Labs’ upcoming Tokenholder Update Call. Additional factors include the recent v3 upgrade, integration with the Linea network, and regulatory clarity from the SEC regarding liquid staking tokens, all contributing to positive market sentiment and increased trading volume, which reached up to $585.76 million. The market capitalization now stands between $1.32 billion and $1.40 billion, with the circulating supply at approximately 900 million LDO.