LDO Doubles Token Price in Two Weeks; Balancer Asks Liquidity Providers to Withdraw Funds

Daily Top Mover — Lido (LDO)

Major U.S. equity rebounded on Friday in the wake of the unveiling of the nonfarm payroll data. While the unemployment rate slid to a record low and payrolls topped expectations, the surprisingly decelerating wage growth buoyed the risk-on sentiment, sending the probability of a 25bps rate hike to 74.7% following the data release. Meanwhile, the broader cryptocurrency market soared over the weekends, with Bitcoin and Ether up 1.46% and 3.34%, respectively, in the past 24 hours. The top mover for today, LDO, which registered a 24-hour return of 30.47% as of the time of writing, has outperformed the market, as the upcoming Shanghai upgrade plans to focus exclusively on ETH withdrawals.