Lido DAO (LDO)

Alpha ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32: Massive protocol revenue vs bad token price

> 2021: $130M gross staking rewards. ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32 around $3.
> Lido 2024: Over $1B gross rewards. LDO around $2.
> Lido 2025: $847M gross rewards, $40.5M DAO revenue, LDO at $0.30.

Lido is still the biggest liquid staking service on Ethereum, it handles about 24% of all staked $ETH.

The protocol is strong and brings in real money every year.

Now, the DAO is using $20 million of its own treasury (in stETH) to buy back roughly 8% of all LDO tokens. Also planning to start automatic buybacks in 2026 through the NEST program.

The actual business is doing fine. The token price dropped because of bad market condition.

ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32 keeps struggling to reclaim the $0.36-$0.37 resistance zone after another rejection from the range high.

The current reaction looks more like a weak bounce than a real reversal, and as long as price stays below that resistance area, bears still have the upper hand.

If this structure continues, a move toward the $0.30 area, even $0.27 later on, looks possible from here.
I’d only start invalidating the bearish view if LDO manages to reclaim and hold above $0.377 convincingly.
#LDOUSDT