Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Lido (LDO) Jumps 58% in Five Days as Active Addresses Hit Two-Year High

Lido (LDO) Jumps 58% in Five Days as Active Addresses Hit Two-Year High

BeInCryptoBeInCrypto2025/08/11 00:30
By:Abiodun Oladokun

Lido DAO’s LDO token surged 12% to a six-month high amid rising network activity and strong investor interest. Bullish sentiment now targets $1.68, with $1.85 in sight if momentum holds.

LDO, the native token of Ethereum’s largest decentralized staking platform, Lido, is today’s top gainer. Its price has climbed by 12% amid the broader uptick in crypto trading activity over the past 24 hours.

LDO trades at a six-month high of $1.50 at press time, with on-chain metrics suggesting the token could be poised for further gains.

LDO Rockets 58% in Five Days as Demand Grows

Readings from the LDO/USD one-day chart reveal that the token has maintained a strong upward trajectory over the past five trading sessions, each closing at a fresh daily high. Over this period, LDO’s price has climbed by 58%, reflecting the rally’s strength.

Lido (LDO) Jumps 58% in Five Days as Active Addresses Hit Two-Year High image 0LDO Price Analysis. Source: TradingView

On-chain data further confirms this bullish outlook. According to Santiment, there has been a significant uptick in the count of daily active addresses involved in LDO transactions over the past week. This signals heightened network activity and growing investor participation. 

According to the data provider, active address count surged to a two-year high of 1,205 on August 10, marking the strongest daily demand for LDO in over 24 months. 

Lido (LDO) Jumps 58% in Five Days as Active Addresses Hit Two-Year High image 1LDO Daily Active Addresses. Source: Santiment

This surge in engagement suggests that market confidence in LDO’s momentum is building and could continue to hold steady.

Moreover, LDO’s social dominance—a metric that tracks the percentage of crypto-related discussions focused on the asset—has rocketed to a yearly high. Per Santiment, this currently stands at 0.29%, confirming that there is notable online chatter about the token.

Lido (LDO) Jumps 58% in Five Days as Active Addresses Hit Two-Year High image 2LDO Social Dominance. Source: Santiment

The rise in LDO’s social dominance shows it has captured significant attention within the broader market conversation. This growing buzz can be a precursor to increased retail activity and can help fuel short-term price momentum.

LDO Rally Heats Up: Can Bulls Hold Support to Target $1.85?

Continued buying pressure and favorable on-chain sentiment could further drive LDO’s rally, pushing its price past $1.55. A successful breach of this resistance could propel the altcoin to $1.77.

Lido (LDO) Jumps 58% in Five Days as Active Addresses Hit Two-Year High image 3LDO Price Analysis. Source: TradingView

However, if sellers regain control and begin to take profit, LDO risks losing some of its gains and falling to $1.33.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Macroeconomic Report: How Trump, the Federal Reserve, and Trade Sparked the Biggest Market Volatility in History

The deliberate devaluation of the US dollar, combined with extreme cross-border imbalances and excessive valuations, is brewing a volatility event.

深潮2025/11/28 07:22
Macroeconomic Report: How Trump, the Federal Reserve, and Trade Sparked the Biggest Market Volatility in History

Vitalik donated 256 ETH to two chat apps you've never heard of—what exactly is he betting on?

He made it clear: neither of these two applications is perfect, and there is still a long way to go to achieve true user experience and security.

深潮2025/11/28 07:22
Vitalik donated 256 ETH to two chat apps you've never heard of—what exactly is he betting on?

Prediction Market Supercycle

金色财经2025/11/28 07:15
Prediction Market Supercycle