$LDO has dropped sharply to $1.88 (-21%) in the past 24 hours, and is currently trading at $1.99.
📌 Data from AI Chat from iCrypto.ai shows the analysis:
Onchain: A very large 24-hour outflow from Whales 🐳, equivalent to the outflow over the past 7 days.
Technical: Candlestick Charts across 1H, 4H, 1D and 3D timeframes are all displaying a Bearish Sentiment.
A more in-depth analysis will be updated soon
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12 hours ago, the #SEC posted allegations against #Metamask regarding the Stake feature of Lido (LDO) and Rocket Pool (RPL).
The SEC claims that #Consensys (the parent company of MetaMask) has sold Staked (st) tokens through unregistered transactions on the MetaMask Stake platform.
Otherwise, Consensys has also emphasized that the SEC currently does not have sufficient regulatory authority over interface software like MetaMask. Consensys will pursue the lawsuit to the end because it could impact the future of their #Web3 plans.
