Rocket

Solana

Lido DAO

Billion

<ul class="wp-block-list">
 <li>Lido token prices are constantly bleeding, losing over 40% of its trading price in the past 30 days.&nbsp;</li>
 <li>When writing, Lido is trading at $1.05 with an intraday decline of 0.76%, with an intraday trading volume of $56.16 Million.&nbsp;</li>
 <li>Despite weekly bullishness, Lido’s TVL fell over 24% in the past 30 days.&nbsp;&nbsp;&nbsp;</li>
</ul>
Lido, the utility token of Lido DAO, has constantly fallen for the past 52 weeks. However, Lido has the highest TVL (total value locked) of $25.945 Billion, with an addition of +3.70% in a week.&nbsp;
Several significant factors are affecting the prices of LIDO. There are severe claims that the SEC lawsuit directed its trading price toward the bearish territory.&nbsp;
In a June 28 complaint, the U.S. Securities and Exchange Commission alleges that since at least January 2023, the developer has offered and sold tens of thousands of unregistered securities on behalf of liquid staking program providers Lido and Rocket Pool.&nbsp; Lido Prices, Market Cap, TVL &amp; Volume 
When writing, Lido is trading at $1.05 with an intraday decline of 0.76%; it has a $56.16 Million intraday trading volume, which makes it the 84th most traded in the market.&nbsp;
After June 28, 2024, the selling pressure was sustained, accompanied by volume buildup, which conveyed a shift in smart money. Follow-up lower lows signal the lack of buying traction, which led to a significant correction.&nbsp;
The short sellers actively participate in the event when a high volume is achieved based on a selloff. Lido token prices are expected to hover in the range-bound territory close to the one mark and could deliver consolidation ahead.&nbsp;
Following the SEC’s lawsuit, the price of Lido faced a severe rejection and a significant selloff with bear dominance. According to data from Messari, the market capitalization of Lido DAO on January 01, 2024, was $2.35 Billion. However, the cap at press time is $912 Million.&nbsp;
Source: Messari
In the past two quarters, the market <a href="https://news.todayq.com/irans-power-crisis-20-bounty-for-tips-on-illegal-crypto-mining/" target="_blank" rel="noopener noreferrer nofollow">dominance</a> of Lido slips from 0.14% to 0.04%. Despite these adverse events, the circulation of the supply is growing, which can be considered one of the significant reasons for upcoming bullishness.&nbsp;
Source: Messari
The unstoppable losses and declines could be controlled if bulls hold the price of Lido above $1.50. As of January 01, 2024, the TVL of Lido on the Solana chain was $32.27 Million; when writing, it fell to $13.72 Million.&nbsp;
Source: Messari
Despite the decline in TVL over the Solana chain, TVL on the Ethereum chain reached $25.66 Billion, which was $21.34 Billion on the first day of 2024. Lido’s TVL specifically grew over Ethereum, but it fell on other chains, such as Moonriver and Moonbeam.&nbsp;
Despite weekly bearishness, Lido’s TVL fell over 24% in the past 30 days. The price in red is troubling the investors, but as per CoinMarketCap, 78% of the community reflects bullish sentiment.&nbsp; Factors That Could Improve Lido Price! 
Lido prices have been bleeding since the lawsuit by the SEC, but as per market watchers, some factors could polish its prices in the coming future. The aims of the farsightedness of <a href="https://news.todayq.com/court-approves-12-7b-payout-to-ftx-creditors-in-bankruptcy-case/" target="_blank" rel="noopener noreferrer nofollow">Lido </a>DAO in revolting stalking will push it to the sky.&nbsp;
Per dozens of data sources, Lido DAO is the topper among all cryptocurrency staking protocols. Earlier on August 16, 2024, Lido Finance and Thena, a renowned decentralized exchange, joined hands for the betterment of users and industry.&nbsp;
Lido announced its partnership with Symbotic, a permissionless restaking protocol, following its threatening dominance in the market by EigenLayer.&nbsp;
To advance its DeFi vaults, Lido collaborated with Mellow Finance, including Symbiotic’s involvement. Constant expansions, positive revenue, and other advancements in the protocol and ecosystem could drive Lido’s price upwards.&nbsp;

Lido Price in Free Fall: TVL Down 24% Amid SEC Lawsuit

Todayq News

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