Ethereum

Lido DAO

<ul><li>Whales offloading $LDO and $AAVE at losses signals bearish sentiment despite the upcoming ETH ETF launch.</li><li>Lido DAO&#39;s RSI is near oversold, and MACD hints at a bullish reversal, a potential buying opportunity amidst a price drop.</li><li>Aave&#39;s neutral RSI and bullish MACD indicate short-term positive momentum despite the recent price decline.</li></ul>In the past four hours, seven cryptocurrency wallets have collectively deposited $12.38 million worth of Lido DAO ($LDO) and Aave ($AAVE) tokens to Binance, registering significant losses. As per <a href="https://x.com/spotonchain/status/1808402064667824458" rel="noopener noreferrer nofollow">Spot On Chain data</a>, this substantial movement includes 4.44 million $LDO valued at $7.91 million and 49,771 $AAVE valued at $4.47 million.The estimated total loss from these transactions is around $3.34 million. This activity is notable as these tokens were accumulated during the <a href="https://cryptotale.org/ethereum-etf-hype-catalyzes-top-crypto-day-of-2024/" rel="noopener noreferrer nofollow">Ethereum ETF</a> approval hype in late May.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXevynjGjlbCwwbCGCNR-rGlYBV4wGZcIoub8BdGw8NX46gyfu_0uEojYoXdCyGkUy1ELfv9hI6X4nBpg-kBtKfQ0ICPneYbbQzRJZrZl639emjO77qg7oS8WX_rs0kGWbYtlJavsmWuRaprTISzr6bVHJg9?key&#61;k_mRfIDrqfvB9q_h0Q1Q7A" />The current market conditions for these tokens suggest a bearish sentiment among these whales. Despite the upcoming ETH ETF launch date, the large-scale unloading of $LDO and <a href="https://cryptotale.org/aaves-17-million-plan-to-transform-defi-with-v4-protocol-overhaul/" rel="noopener noreferrer nofollow">$AAVE</a> indicates a lack of confidence in the near-term price performance of these tokens. This bearish sentiment is further reflected in the recent price movements of both tokens.<a href="https://cryptotale.org/massive-3-34m-loss-as-whales-unload-ldo-and-aave-ahead-of-eth-etf-launch/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Massive $3.34M Loss as Whales Unload $LDO and $AAVE Ahead of ETH ETF Launch

CryptoTale

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