Selling the rumor? Biggest Ethereum Merge staker Lido DAO loses 40% in 30 days By Cointelegraph

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Selling the rumor? Biggest Ethereum Merge staker Lido DAO loses 40% in 30 days

Lido DAO (LDO) has declined by more than 40% in the last 30 days with more room to fall in the coming days amid a potential sell-the-news event, i.e. the Merge.

Lido DAO is ‘s biggest staking service, having deposited over 4.14 million of the blockchain’s native asset, Ether (ETH), into the Ethereum 2.0 smart contract on behalf of its users, according to the latest data.

ETH 2.0 total value staked by provider. Source: Glassnode
daily price chart featuring descending triangle breakdown setup. Source: TradingView