Following a recent jump in price and trading activity, investors are watching to see if growing interest from smaller traders can be sustained against LDO's longer-term price declines.
LDO sees a daily price and volume surge
LDO's price increased by
↗8%
in the last day, accompanied by a significant
↗61%
jump in trading volume. This daily gain outpaced the broader crypto market's
↗2%
increase.
The asset faces longer-term price pressure
This recent gain comes after a period of decline, with LDO's price having fallen
↘9%
over the past week and
↘34%
over the past month.
Performance lags behind some competitors
Within the Liquid Staking category, LDO's
↗8%
daily gain trailed the category average of
↗8.3%
. It also lagged behind competitor JTO, which saw a
↗10%
price increase in the same period.
Small traders show increased interest
Onchain data shows a
↗70%
daily increase in the number of unique traders. This activity was concentrated among small wallets, which showed more buying than selling activity.