Lido (LDO), the token powering Ethereum's largest liquid staking protocol, has reached a record social dominance of 0.54%, spiking over 5,000% in 24 hours. This surge follows the SEC's decision to end its inquiry into Ethereum’s classification as a security, removing uncertainties around Ether staking. LDO's price rose by 16% to $2.35, with increased trading volume and open interest in its derivatives market. Technical indicators show a potential bullish trend, suggesting that LDO's price may continue to rise if current conditions hold.
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