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Ethereum’s Rally Causes Lido DAO To Rise By 12%

Published date:

February 2, 2026

Ethereum’s Rally Causes Lido DAO To Rise By 12%

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Lido Finance, one of the biggest staking platforms for Ethereum, was impacted by Ethereum’s recent rally, causing the price of Lido DAO (LDO) to surge by 12%.

Since yesterday, Ethereum has witnessed an increase in its pricing.

An #Ethereum whale wallet that had not been active for 6+ years woke up today & moved $22.2M worth of $ETH to an empty wallet. $ETH's price is +8.1% since this transaction, briefly jumping over $1,500 for the 1st time since the #merge 6 weeks ago. https://t.co/bLwZZwhJSa pic.twitter.com/L78mAfJHq2
— Santiment (@santimentfeed) October 25, 2022

Santiment noted the initial spike in Ethereum’s prices could be attributed to a whale moving $22.2M worth of ETH tokens to an empty wallet.

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Ethereum has since continued its uptrend and has moved past the $1,500K mark for the first time since the Merge. As of writing, Ethereum is priced at $1,527, up by roughly 13% within the last 24 hours.

The correlation between Ethereum and Lido caused the latter’s price to increase by 12%.

This is because most investors choose the LDO token due to its exposure to staked Ethereum. Similar to Ethereum, $LDO also broke past the 50-day average resistance. Currently, $LDO is priced at $1.69.

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All Bitcompare articles go through a rigorous review process before publication. Learn more about our Editorial Process and Risk Warning.

Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

Bitcompare is a trading name of Blue Venture Studios Pty Ltd.

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