Lido Gets 6 Institutions, Including Paradigm Trust With Diamond Hands
Lido, with the recent disadvantage created by the US authorities, has caused the price of LDO to plummet despite the strong movements of the crypto market. However, in general, there are still big investors who believe in it. In a tweet posted by on-chain analyst BitcoinEmber on Twitter, we can clearly see the metrics he collects. It’s surprising that leading Lido institutions like Paradigm and DGC are still diamond hands.
Institutions that have never sold LDOs include Paradigm, Certus One, The LAO, Digital Currency Group, Dragonfly Capital, and DeFiance Capital. In addition, the institutions that have cleared LDOs from their investment portfolio are Terraform Labs, Aave founder Stani Kulechov, and ParaFi Capital. But, reports are spreading that the SEC has given a Wells notice to Lido decentralized bet and all DeFi and DEX initiatives, according to the person who has a voice on cryptocurrencies David Hoffman. Because of the public’s anxiety about this news, the LDO price decreased by more than 10% at the time.