World Liberty Financial has joined the growing list of institutions leveraging Lido Finance for Ethereum staking. As a leading platform providing liquid staking solutions across multiple blockchain networks, Lido continues to solidify its position in the decentralized finance (DeFi) ecosystem. $LDO Whale Resurfaces with a Massive Purchase After a year-long hiatus, a prominent $LDO whale identified as wallet “0x655” has returned to the market with a bold move. In the past nine hours, the whale swapped 1,512 $ETH and 10,500 $FXS, valued at $4.98 million, to acquire 2.72 million $LDO tokens at an average price of $1.833. This purchase marks the whale’s largest $LDO acquisition since January 2024. Now holding a total of 5.765 million $LDO tokens, worth $10.15 million, the investor faces a significant unrealized loss of $1.74 million. $LDO is the governance token for the Lido DAO, which oversees the development and operations of Lido Finance. With over 19,000 holders and a market cap of approximately $1.7 billion, $LDO plays a critical role in DeFi by enabling liquid staking across networks like Ethereum. A $LDO whale is back after a year, spending $5M despite a -14% loss! Whale "0x655" swapped 1,512 $ETH and 10.5K $FXS ($4.98M) for 2.72M $LDO at ~$1.833 in the past 9 hours. Its last big LDO buy was in Jan 2024. Now holding 5.765M $LDO ($10.15M) with a -$1.74M unrealized loss,… pic.twitter.com/xmZNetg93I — Spot On Chain (@spotonchain) January 21, 2025 Despite a 14% loss on their current holdings, the whale’s renewed confidence in $LDO suggests a long-term outlook on Lido’s potential. With World Liberty Financial and other major players adopting Lido Finance, the whale’s $5 million bet could signal a rebound for $LDO’s market performance. As liquid staking solutions gain traction, all eyes will be on Lido and its governance token to see if this bold investment strategy pays off. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: iaroslav777/ 123RF // Image Effects by Colorcinch