Pepe Coin Whale Bets Big On Lido DAO; LDO Price Soars 18%

A Pepe Coin whale appears to be betting big on Lido DAO, which has also contributed to the recent 18% rally in LDO price. Notably, Lido DAO has gained significant attention from a flurry of investors lately, as evidenced by the recent accumulation trend of the token. So, here we explore the latest buying of the whale and see if the crypto could maintain its run towards the north in the coming days.

Pepe Coin Whale Buys Lido DAO

A renowned Pepe Coin whale, identified by the alias “0x373,” recently made waves in the crypto community. According to transaction tracking platform Spot On Chain report, the whale spent 664.5 ETH, valued at around $2.38 million, to buy 1.167 million LDO tokens. The average purchase price was approximately $2.036 per token.

Notably, this substantial purchase demonstrates growing confidence in Lido DAO, a decentralized staking solution that has been gaining traction among investors. The whale’s wallet still holds 750 WETH, valued at $2.56 million, suggesting that the trader may continue accumulating LDO.

Meanwhile, earlier this week, another on-chain whale “0x655” swapped 1,512 ETH and 10.5K FXS for 2.72 million LDO. This whale currently holds 5.765 million LDO tokens. This accumulation trend reflects broader market sentiment, as LDO gains popularity as a staking powerhouse. Notably, the Pepe Coin whale’s move has further fueled LDO’s upward momentum, sparking optimism about sustained growth.

A Look Into The Pepe Coin Whale’s Diversified Holdings

The Pepe Coin whale’s diversified crypto portfolio has gained notable traction. In addition to the recent LDO acquisition, their holdings include 2.987 trillion Pepe Coin, valued at $46.4 million. Notably, this whale has profited $55.4 million from Pepe Coin investments alone, especially amid the recent surge in Pepe Coin price.

Besides, the wallet also contains 10.24 million ENA tokens, worth $9.12 million, with a recorded profit of $3.82 million. This diversified portfolio highlights the whale’s strategic approach to high-potential assets. On the other hand, such calculated investments often act as indicators for other investors, drawing attention to projects like Lido DAO and potentially driving demand.

LDO Price Rally To Sustain?

Lido DAO price surged nearly 19% today and exchanged hands at $2.09, while its trading volume jumped 32% to $292 million. The crypto has witnessed volatile trading lately, as evidenced by its 24-hour high and low of $2.10 and $1.72, respectively. Besides, the Lido DAO RSI currently hovers near the 56 mark, indicating further positive momentum ahead.

Meanwhile, Lido DAO’s recent price rally aligns with growing interest in liquid staking solutions, particularly as the crypto market continues to recover. The platform’s innovation in Ethereum staking and DeFi integrations positions it as a market leader.

With increased whale activity and accumulation trends, LDO could maintain its bullish trajectory. However, market volatility remains a factor, and future price action will likely depend on broader crypto trends and network developments.

How ENA & Pepe Coin Prices Are Performing?

Pepe price has surged nearly 6% today, pushing the profit percentage of the whale further higher. The top meme coin’s trading volume also surged 50% to $1.29 billion. Besides, Pepe Futures Open Interest also surged 3%, indicating more gains ahead for the crypto. Having said that, if the meme coin continues its upward run, it could significantly increase the profit of the Pepe Coin whale.

On the other hand, Ethena or ENA price surged about 8% to $0.9008, and its trading volume rocketed 82% to $712 million. The crypto has touched a one-day high and low of $0.9229 and $0.8049, respectively.