Lido DAO's LDO Soars 9.91% Amid $38.17B TVL Surge and Strong Accumulation Signals

Lido DAO’s native token LDO surged by 9.91% in the past 24 hours, reaching $1.28 at press time. This rally coincided with a significant 122.74% increase in 24-hour trading volume to $391.95 million, while the protocol’s Total Value Locked (TVL) rose to $38.17 billion [1]. TVL serves as a key metric for gauging investor confidence, as it reflects the inflow and outflow of capital within the protocol. The recent spike suggests renewed interest in Lido’s staking solution.

LDO has been on a strong upward trajectory for the past month, with a total gain of 45% and a 10.23% jump in the last 24 hours [1]. This momentum marks a turning point after a previous outflow of over $20 billion in TVL in January, which had indicated a shift toward more short-term trading strategies [1]. The recent inflows suggest a return of long-term positioning, which is typically a positive signal for the token’s value.

Off-chain data further supports the bullish sentiment. Funding Rates in perpetual derivatives markets climbed to 0.0094%, indicating that long positions are dominating trading activity [1]. Open Interest in LDO also increased by $35 million, reaching $273.66 million, a clear sign of growing bullish sentiment among traders [1]. These metrics suggest that market participants are increasingly betting on the token’s future upside.

On the spot market, accumulation signals are evident. On August 10, LDO experienced $1.71 million in net outflows from exchanges, with tokens moving into private wallets rather than being sold [1]. Such behavior is commonly interpreted as accumulation by long-term holders. If this trend continues, LDO could see a push above $1.50, with $2 identified as a potential next target [1].

The Q2 report from Lido DAO provided additional fuel for the recent rally. The update highlighted a growing distribution of staked tokens, reaching 478.7K stETH, and reaffirmed Lido’s dominance in public cloud staking [1]. This performance update likely contributed to the renewed bullish sentiment among investors and traders.

Lido's current momentum appears to be driven by a combination of on-chain accumulation, strong off-chain trading metrics, and positive performance updates from the protocol. As TVL continues to climb and sentiment shifts toward long-term positioning, the market will be watching closely to see if LDO can break above $1.50 and ultimately reach $2.

Source: [1] Lido DAO jumps 10% – Can $38B TVL push LDO past $2? (https://ambcrypto.com/lido-dao-jumps-10-can-38b-tvl-push-ldo-past-2/)