Lido DAO Price Rebounds Amid NEST Vote, But Ethereum Staking Proposal Weighs on Token

Lido DAO's token price rebounded by over 5% on Thursday as holders voted on the NEST automated buyback system, although concerns over Ethereum's proposed staking changes kept $LDO under pressure.

The token price moved between $0.2757 and $0.3048 over the previous 24 hours before recovering about 5.2%, but it remained down approximately 16.7% over the past week, underperforming the broader cryptocurrency market which gained about 1.3%.

The monthly performance was more positive, with $LDO remaining about 5.1% higher over 30 days after rallying during July. The token had gained roughly 65% at one point last month before encountering resistance around $0.40.