Lido Staked Ether Down More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido Staked Ether (STETH) has seen a significant decline, dropping 7.6% in the past 24 hours to $2,187.38, and a 15% decrease over the past week. The increase in trading volume by 302% and a slight rise in circulating supply to 9.35 million, which is the max supply, have not prevented the price drop. The current market cap for STETH is $20.36 billion, ranking it 8th.
January 23, 2024 | 3:02 pm
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Lido Staked Ether (STETH) has experienced a significant price drop of 7.6% in 24 hours and 15% over the past week, despite a rise in trading volume and circulating supply reaching its maximum.
The sharp decline in the price of Lido Staked Ether, despite an increase in trading volume and circulating supply, suggests a bearish sentiment among investors. The significant drop in price over a short period indicates a strong negative impact on the asset's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100