LDO price surged 64% with favourable information from clear regulations and buyback plans.

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Lido (LDO) price surges: Regulatory clarity and buyback plans drive

The leading protocol in the field of liquid staking, Lido, has recently shown impressive performance. As of 10 AM on August 11th, the price of LDO reached 1.52 USDT, with a 24-hour increase of 14.21%, and a significant rise of 64.5% over the week.

As the largest liquidity staking protocol in the Ethereum ecosystem, Lido has always held an important position in the entire on-chain ecosystem. Although it has recently been surpassed by a certain lending platform, Lido remains one of the most influential protocols in the Ethereum ecosystem.

The reasons for the rise in LDO prices can be analyzed from both macro and micro perspectives.

At the macro level, the U.S. Securities and Exchange Commission (SEC) recently issued a statement clarifying that liquid staking activities do not involve the issuance and sale of securities and do not require registration or exemption. This statement has cleared regulatory hurdles for the development of liquid staking projects. In addition, a large asset management company has applied to the SEC to introduce a staking mechanism in its spot Ethereum ETF, which could bring new development opportunities for LDO.

At the micro level, the discussion of the LDO repurchase plan has become a direct factor driving the short-term price increase. Community members have proposed a draft repurchase plan, suggesting that LDO repurchases be dynamically executed based on treasury balance to enhance the efficiency of fund utilization and support the LDO price. This proposal is currently under discussion within the community and is expected to be voted on at the end of this month.

As an important token in the Ethereum ecosystem, LDO's performance over the past period has been less than satisfactory. However, with the current favorable macro policies and active community efforts, LDO has finally shown signs of an upward trend. Does this mean that LDO will undergo a revaluation? It's still too early to say, but the market has already seen positive signals.

LDO1.11%
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GateUser-afe07a92vip
· 11h ago
Sure enough, as soon as the SEC eased up, it rose crazily.
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Ramen_Until_Richvip
· 11h ago
I should have said I bought LDO earlier, I'm losing big.
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SleepyValidatorvip
· 11h ago
Don't say that, I'm late.
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PretendingSeriousvip
· 12h ago
When can it fall? Standing guard is so tiring.
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Layer2Observervip
· 12h ago
From a technical perspective, the recent LDO pump data, with a 64.5% rise over the week, should be approached with caution, as the Spot Depth is concerning.
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wagmi_eventuallyvip
· 12h ago
Is there anyone to gamble with me!
View OriginalReply0
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