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Crypto

Lido Price Drops Amid Institutional Adoption Efforts

Guavy AI Editorial Team
Instruments
ETH LDO
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Lido's price dropped almost 11% following a community call focused on institutional adoption.

The protocol hosted an event featuring Joseph Lubin, founder of Consensys and CEO of MetaMask, to discuss increasing participation from large financial players in the Ethereum staking ecosystem.

Despite efforts to boost institutional adoption, market pressures have kept prices subdued.

LDO/USD trades below short-term averages with momentum indicators forecasting recovery.

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