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Lido Finance [LDO] might find it harder to continue rallying, but here’s the catch

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LidoFinance [LDO] might find it harder to continue rallying, but here's the catch

While this is not necessarily a large uptick in the grand scheme of things, it is a positive step for the bulls. This is particularly considering the token’s previous propensity for the downside.

LDO’s supply held by top addresses dropped slightly since the start of the month. This indicates that the top whales have been reducing their LDO balances, a move that results in sell pressure.

 

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