Lido ($LDO) has been one of the strongest coins since the $ETH spot ETF news came out. It is also one of the few tokens that have managed to outperform over the past 3 weeks while $BTC, $ETH, and other altcoins continued to bleed.
Source: TradingView – Besides outperforming majors, $LDO also stood out acting as beta to $ETH, overshadowing other coins in that bucket such as $ARB or $MATIC
However, things went south on Friday when the SEC alleged that Lido’s and Rocket Pool’s staking programs are securities.
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