Lido Staked Ether Down More Than 15% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido Staked Ether (STETH) has seen a significant price drop of 15.89% in the past 24 hours, continuing a week-long decline of 28%. Trading volume has surged by 2447% over the past week, while circulating supply has decreased by 0.42%. The current market cap ranking for STETH is #8 at $23.60 billion.
August 05, 2024 | 3:02 pm
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Lido Staked Ether (STETH) has experienced a sharp decline of 15.89% in the past 24 hours, extending a week-long drop of 28%. Despite the price drop, trading volume has surged by 2447%, indicating high market activity. The circulating supply has slightly decreased by 0.42%, and the market cap stands at $23.60 billion, ranking it #8.
The significant price drop of 15.89% in the past 24 hours, along with a 28% decline over the past week, indicates a bearish trend for STETH. The surge in trading volume suggests high market activity, but the overall sentiment appears negative. The slight decrease in circulating supply does not offset the negative price movement.
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IMPORTANCE 90
RELEVANCE 100