Lido DAO (LDO) Sees 17% Surge Amid Whale Activity, But Profit-Taking Risks Potential Pullback

Key Points

1. LDO's price rose to $1.119 with a 232% increase in trading volume, and its market cap reached $987 million.

2. Whale activity in futures markets and a positive Buy Sell Delta for five consecutive days contributed to the price surge.

3. Lido DAO's Open Interest (OI) jumped 32.2% to $225 million, and Derivatives Volume soared 199% to $537.8 million.

4. Profit-taking risks are evident as LDO's Spot Netflow surged to a 3-week high of $3.36 million, indicating potential selling pressure.

5. Technical indicators like the Relative Strength Index (RSI) showed a bullish crossover, but a pullback to $0.891 is possible if selling pressure continues.