Lido DAO investors can expect this ahead of the final token unlock
Lido will inject 8.82 million tokens into the market on 25 August as a part of its final cliff unlock.
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Lido DAO’s circulating supply will reach its maximum after the upcoming unlock.
LDO’s metrics and market indicators remained bearish.
Lido DAO [LDO] is awaiting its final cliff unlock this month, which will push its circulating supply to the maximum. As a few weeks remain before the unlock, investors should pay attention to LDO’s price movements before making any decisions on the token.
Read Lido DAO’s [LDO] Price Prediction 2023-24
Interestingly, after weeks of decline, LDO’s daily chart finally turned green, giving hope for a trend reversal over the coming days. However, despite the hike in price, bearish sentiment around LDO dominated the market.
Lido DAO to witness it’s finally unlock soon
Token Unlocks’ data revealed that Lido will undergo its final cliff unlock of 8.5 million on 25 August 2023. With this, LDO will inject the final 0.97% of its supply into the market, which will increase its circulating supply to 1 billion.
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