Lido DAO (LDO) news report: More and more investors of Lido DAO (LDO), the liquidity pledge loan agreement of Ethereum, hope to accumulate LDO before upgrading in Shanghai. However, there seems to be a big error in the accumulation and sales of LDO tokens. ETH Shanghai upgrade plan will be launched in March 2023, allowing investors to withdraw their assets. Although the activity is expected to be deployed in March, all changes will delay the upgrade.
According to the information on the chain, Lido dolphins with 1000000 to 100000000 LDO tokens have been selling their lives, while the 100 and 1000000 LDO tokens are in the accumulation process.
Shanghai upgrade is the development trend measure for business merger of Ethereum. Contrary to the most popular sales market view, the joint venture is not a "buy news report". After the upgrade in September 2022, the price of ETH has not soared. Similarly, some communities feel that the upgrading of Shanghai will not reflect the price rise of ETH. Some people believe that, unlike those who feel that they will withdraw the mortgaged ETH, a large number of tokens will be mortgaged after the upgrade.
According to Leor Shimron's view on Twitter, this upgrade may reduce the pressure of selling, because more tokens are pledged rather than cancelled.
"Opening to the outside world for withdrawal may cause more tokens to be mortgaged and reduce the pressure of selling work, because it can reassure the implicit mortgagor that his tokens can be redeemed at will and will not be locked for a period of uncertainty."
If this view is re-established, the price of ETH and Lido DAO (LDO) may have a negative impact on the market forecast. According to the CoinGap price tracking, at the time of writing, the price of Ethereum was $1579, down 1.55% in the past 24 hours.
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Tue, 18 Apr 2023