Aave

Lido DAO

Daily

Gains

Artificial Superintelligence Alliance

<ul> 
 <li>On January 6, the cryptocurrency reached a new 52-week high of $3.60.</li> 
 <li>A whale withdrew 450,000 LDO tokens, which were worth around $1.5 million.</li> 
</ul> 
The DeFi token <a href="https://lido.fi/" target="_blank" rel="noreferrer noopener nofollow">Lido DAO</a> (LDO) gained attention because of its spectacular price increase. On January 6, the cryptocurrency reached a new 52-week high of $3.60 and gained more than 15% as per data from <a href="http://coinmarketcap.com" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>. 
Spot On Chain reported on twitter that in the wee hours of Saturday, a whale trader going by the name of 0xfc9 made a large move on <a href="https://thenewscrypto.com/coinbase-eyes-eu-domination-with-mifid-licensed-firm-acquisition/" target="_blank" rel="noreferrer noopener">Coinbase</a>. This trader made a swap, exchanging Render for Lido DAO. 
A whale withdrew 450,000 LDO tokens, which were worth around $1.5 million, and deposited 750,000 RNDR, which were worth about $3.01. The market was quite volatile when these deals were made. 
After that, the price of RNDR fell by 11% on the last day. At the same time, the price of LDO increased by 15%. Totaling $8.95 million, the trader locked in earnings by trading seven additional tokens, including Fetch.ai (FET) and Aave (<a href="https://thenewscrypto.com/defi-lending-protocol-aave-shuts-several-markets-after-uncovering-issue/" target="_blank" rel="noreferrer noopener">AAVE</a>). 
<h3 class="wp-block-heading" id="h-significant-gains">Significant Gains</h3> 
After reaching a 52-week high of $3.60, the price ascent of Lido DAO tapered off. The LDO price was trading at $3.28, up 3.54% in the last 24 hours as of this writing. From its previous peak, this indicates a decline of more than 10%. 
However, LDO has achieved a rather remarkable gain of around 30% in the last 30 days. Aside from that, its value has increased by more than 119% in the last year. Although there has been some positive news recently, the cryptocurrency is still selling way below from its all-time high of $11. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/solana-surpasses-october-2022-peak-in-daily-transaction-volume/" target="_blank" rel="noreferrer noopener">Solana Surpasses October 2022 Peak in Daily Transaction Volume</a>

Lido DAO (LDO) Hits 52-Week High Amidst Whale Activity

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