Ethereum Staking Tokens Surge — A Comparison Analysis Of $LDO & $SD
Ethereum Shanghai upgrade approaching.
Ethereum staking tokens saw a surge of avg 40% in the past 7 days.
In 7 days, $LDO and $SD surged further, +71% and 113%, respectively.
A Comparison Analysis Of:
- CEX Flow
- DEX Net Buy Value
- Top Holders Balance Change
- Top Smart Money Holders
CEX Balance Change & CEX Flow
Starting from Jan 3, $SD saw a clear CEX balance decrease.
From 3 million on the 3rd to 2 million on Jan 8th. A decrease of -26%.
CEX balance increased from 31M on 3rd to 32M on 8th. An increase of 22%.
Why? Let’s Look At The Net CEX Outflow
$SD Consecutive positive Net CEX Outflow (CEX withdrawals > deposits)
7d Net CEX Outflow is positive $431K.
On 8th, $LDO up 34%. CEX Outflow was negative.
7d Net CEX Outflow $-9.59M
DEX Net Buy Value
Both are positive on Ethereum and Polygon.
Top Holders Analysis
$SD
4 top changes: all increased balances.
$SD Top Holders Sort By Balance Change $
$LDO
4 increased, 2 decreased
3 are Millionaire addresses
lido treasury Lido.eth balance -1.5Million amount of $LDO.
It all transferred to Lido: Curve Liquidity Farming Reward Contract.
Top Smart Money Holders Analysis
$SD
5 Smart Money holders (not including those with nano balances)
1 increased balance and 1 decreased.
$LDO
27 Smart Money holders (not including those with nano balances)
Wintermute +325K $LDO
Bitscale -250k $LDO
