Lido DAO

<ul><li>Lido Finance&#39;s LDO token unlock set for August 26, 2023, raises concerns of market turbulence.</li><li>8.51 million LDO tokens, worth $15.67 million, is to be fully unlocked, triggering potential selloff fears.</li><li>Crypto community awaits the critical date, watching Lido&#39;s response to maintain stability and investor confidence.</li></ul>The LDO token price declined sharply today due to market speculation that a large number of tokens will be released soon. According to crypto analytics firm Token Unlocks, the last major release of LDO tokens is scheduled for August 26, 2023, unlocking 8.51 million tokens valued at approximately $15.67 million. This would represent 99% of all LDO tokens being fully unlocked and available to investors.Check out this important announcement from Token Unlocks about the upcoming LDO token unlock event on August 26, 2023:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/91e99c303f954cb085b8a29f7785de25.png" />The looming unlock has sparked heated debate within crypto circles on social media, with some predicting it could lead to a massive selloff and crash in LDO&#39;s price. Supporters counter that the unlock has been long-planned and represents investors who have held the token for years finally gaining access to their funds. Detractors, however, argue that the sudden injection of millions of tokens could overwhelm buy orders and trigger panicked selling.Lido Finance, which offers Ethereum staking services, held a series of locked token distributions over the past two years to incentivize early adopters. With the final round of unlocks approaching, analysts caution that extremely high selling volume could occur if investors immediately liquidate their unlocked tokens. Lido representatives have yet to comment on how the project plans to manage the unlocks.Read full article at <a href="https://cryptotale.org/unprecedented-lido-finance-token-unlock-event-sparks-speculation-and-fear/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Unprecedented Lido Finance Token Unlock Event Sparks Speculation and Fear

CryptoTale

Alte articole publicate pe 5 aug. 2023

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