Let's talk about the former big boss $LDO.
Back in the day, $LDO was amazing! The absolute leader in Ethereum liquid staking, it solved the biggest pain point of funds being locked after staking with stETH, capturing more than 30% of the market share at its peak, it was truly glorious.
And now? The coin price has plummeted from its peak to around $0.3, all moving averages have crossed negatively, and trading volume has shrunk to the point where no one is in sight. Pressured by the bear market environment, fierce competition, and continuously declining staking rewards, it feels suffocating under these three heavy burdens.
Forget about the past glory, there's really no chance for a comeback in the short term.
My advice is straightforward: Brothers who still have positions, better withdraw early, don't hold on stubbornly. Continuing to drag this out will likely just keep grinding down.
$LDO, have you already liquidated your positions, or are you still waiting for a rebound? Come to the group and share your thoughts!