Nansen CEO Dumps 3M Lido DAO (LDO) on Coinbase, Price Crash Coming?

Quick Summary:

On September 6, 2024, the on-chain analytic firm Lookonchain made a post on X (previously Twitter) that the CEO had dumped 3 million LDO tokens worth $2.89 million to Coinbase.

According to the expert technical analysis, LDO appears bearish and is currently trading near a crucial support level of $0.90.

However, this price prediction is based on the higher time frame, and this thesis will only work if the LDO weekly candle closes below the $0.90 level, otherwise, it will be invalid.

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Article Details

Author / Journalist: Zameer Attar

Category: Crypto

Markets: United States

Topics: Crypto news News Price Analysis Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 17:18:56 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © Coinpedia

News ID: 22393579

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