LDO soars 23% in sluggish market, Whale’s bulk buying is the culprit!

Jakarta, Pintu News – Jakarta, Pintu News – In the midst of general cryptocurrency market weakness, Lido DAO LDO) has performed admirably by recording the highest price in the last 10 weeks. The staking platform’s governance token broke through the intraday level of $0.39, representing a gain of more than 23% in just seven days. This anomalous movement attracted great attention as LDO was able to provide significant profits for you at a time when the total market capitalization of other cryptos was actually experiencing a slight decline.

Whale Buying and Exchange Reserve Decline

On-chain data from Santiment shows that the growth of the Lido DAO network is at its highest point in the past two months with the addition of 141 new wallets in a single day. In addition, the top 100 addresses of LDO holders reportedly continued to increase their holdings to a total of 792.77 million tokens. This phenomenon of accumulation by “whales” or large capital holders is a strong foundation that supports the continuation of the price rally for this cryptocurrency amid global volatility.

This positive sentiment was further reinforced by data from Nansen that showed a 2.92% decline in exchange reserves of LDO in the past week. When tokens move from exchanges to private wallets, it indicates that investors are likely to hold their assets for the long term rather than sell them in the near future. Here is a summary of LDO’s market performance in IDR:

• 10-week high: $0.39 (approx. IDR 6,680)
• Market capitalization: Above $328.5 Million (around Rp5.6 Trillion)
• 24-hour trading volume: Above $60 Million (around Rp1 Trillion)

Also Read: 5 Reasons Stellar (XLM) Will Reach Rp17,128 in 2030, Investors Must Know!

IDR342 Billion Buyback Proposal Strengthens Investor Confidence

In addition to technical factors and wallet accumulation, this price increase was also triggered by fundamental sentiment from the operational team of the Lido ecosystem. There is a governance proposal that suggests using the DAO’s cash reserves of 10,000 stETH, or the equivalent of $20 million, tobuy back LDO tokens. This strategic move is considered by many to be a tangible form of support from the protocol for the market value of their own tokens.

If this accumulation trend and buyback initiatives continue, Lido DAO has great potential to maintain its upward trajectory in the near future for your portfolio. However, you still need to keep an eye on the broader macro market conditions, as external factors are still deciding whether this rally will turn into a durable long-term trend. LDO’s successful escape from the market downturn proves that the demand for staking solutions is still very high in the global cryptocurrency ecosystem.

Also Read: 5 Facts Enjin Coin (ENJ) Explodes 300% in April 2026! Next Target IDR1,595?

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price via Pintu Market.

As a safe crypto app, Pintu provides a crypto trading experience to access crypto gold investment easily and conveniently. You can also see today ‘ s gold jewelry price and today ‘ s gold bullion price to support your investment activities and portfolio diversification as well as learn crypto through Pintu Academy.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Kamina Bashir/BeInCrypto. Lido DAO Surges to 10-Week High: What’s Driving the Rally?. Accessed April 17, 2026.