A proposed treasury buyback of up to 10,000 stETH for LDO highlights how thin DeFi governance token liquidity has become, forcing the DAO to route through centralized exchanges.
Lido DAO proposes $20 million LDO buyback to boost price after 95% slide
A proposed treasury buyback of up to 10,000 stETH for LDO highlights how thin DeFi governance token liquidity has become, forcing the DAO to route through centralized exchanges.
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The move comes amid a strong move across the entire altcoin market on Wednesday.
Traders should watch for potential breakdowns below $2.03, which could lead to further declines toward $1.91.
The ether-bitcoin ratio dropped to the lowest since 2021 as incoming President Trump seen fueling BTC popularity.
The token is trading in a sideways range, holding above recent lows near $896, while a breakout above $920-$928 resistance could push BNB toward $1,000.