📉 **Crypto Market Update: Lido DAO Takes a Hit!**

- Lido DAO (LDO) saw a sharp decline, dropping over 10% to $1.05 on Oct. 31, erasing gains from its recent rise.

- The broader crypto market, including Bitcoin (BTC), also dipped, influenced by the U.S. Personal Consumption Expenditures index for September.

- A whale address sold 458,860 LDO tokens for 181.6 Ether, adding to the downward pressure.

- Despite the sale, the whale incurred a significant loss, having bought LDO at an average of $2.50 per token.

- On-chain data reveals 91% of LDO holders are currently at a loss.

💬 What are your thoughts on this market movement? Share in the comments!