Chun Wang’s LDO Sell-Off Accelerates as Lido v3 Targets Institutions

• Chun Wang’s LDO sell-off continues, signaling early investor exits as Lido v3 shifts focus to institutional staking solutions.
• Lido v3 introduces stVaults to attract institutional Ethereum stakers, fueled by ETF speculation and rising staking demand.
• LDO’s price shows bullish momentum, with key resistance at $2.70 and $7.027, targeting a long-term breakout to $16.058.

Chun Wang, co-founder of F2Pool and Stakefish, has intensified his Lido DAO ($LDO) token sales. Over the past 14 days, he sold 2.5 million $LDO for $4.5 million in USDT. Since his return on November 21, 2024, after a 10.5-month break, he has offloaded 6.1 million $LDO for $10.42 million. His average selling price stands at approximately $1.708. Previously an initial Lido DAO member with 20 million $LDO, Wang now holds only 2.5 million tokens valued at $3.88 million.

Besides Wang, three other initial Lido DAO members had resumed selling their holdings last November. His recent transaction involved selling 600,000 $LDO for $667,000. His holdings have now decreased to 8 million $LDO, worth $8.69 million. These sales suggest a trend among early Lido investors liquidating their assets.

Lido v3 Targets Institutional Staking Amid ETF Optimism

Lido, the leading liquid staking protocol, has introduced v3 with stVaults, catering to institutional Ethereum ($ETH) stakers. The protocol secures over $25.5 billion in total value locked (TVL). Demand for staking is rising, driven by speculation around a staked ETH ETF under a potential pro-crypto Trump administration.

Lido v3 enhances staking options for large-scale investors, optimizing yield and security. Moreover, with Ethereum’s staking rewards gaining attention, institutions could increasingly engage with Lido’s advanced staking solutions.

Technical Analysis: LDO Eyes Long-Term Bullish Breakout

The weekly $LDO/$USDT price on Binance shows a breakout from a prior downtrend. A green ascending trendline supports price action, while a red resistance line highlights a past high. Breaking above this resistance signals bullish momentum.

Additionally, a purple support zone confirms strong buying interest. After testing this level, $LDO rebounded, validating a potential price reversal. The projected price path suggests further upside, targeting $16.058 in the long run.

Key resistance zones emerge at $2.70 and $7.027, where price reactions may occur. A short-term pullback to retest breakout levels remains possible. However, maintaining momentum above the ascending trendline strengthens the bullish outlook.