Accumulation and Buyback Plans Drive LDO Momentum

[nihalsari]

LDO Token Holder Activity. Source: Nansen

Behind the rally in Lido DAO is a clear trend of accumulation. On-chain data shows a spike in new wallet creation and increased holdings among top addresses, indicating growing confidence from both new and existing investors.

At the same time, exchange reserves are declining, which often signals reduced selling pressure as tokens move into long-term storage. This shift suggests holders are positioning for further upside rather than preparing to exit.

Adding to the bullish case is a proposed buyback plan that could see millions of dollars used to repurchase LDO tokens. If approved and combined with continued accumulation, these factors could help sustain the token’s upward trajectory—provided broader market conditions remain stable.

[etfs]

love how every accumulation phase is bullish until it suddenly isn’t