A prominent whale , known as 0x373 or ThisWillMakeYouLoveAgain, is doubling down on their investment in Lido DAO’s native token, LDO , even as some remarkable losses have been stacking up. The investor, who has taken on a well-known role in the DeFi set, has made a series of large moves recently, converting a lot of Ether (ETH) into a lot of LDO tokens. For 0x373, that conversion is a signal of firm belief in Lido’s future, even as the short-term outcome has been less than rosy. A Whale’s Confidence in LDO This whale, in just the last three hours, swapped an impressive 250 WETH (worth approximately $685,000) for 386,701 LDO tokens. This went down at an average price of $1.772 per token, and it signals a substantial show of confidence from this entity into Lido’s token, markets be damned. But in reality, this is the tip of the iceberg because when we say “whale” in this context, we mean a serious amount of funds and a serious accumulation strategy. 0x373 is clearly not a pump-and-dump player. Going back to January 24, 2025, in what seems to be a near-continuous buying spree, this whale has accumulated 3.354 million LDO tokens across several transactions at an average price of $1.951 per token. The whale’s choice to keep acquiring LDO at these price levels is clearly not a risk-free one. As it stands, the address is down by around $538,000, or about 8.23%, on this most recent set of LDO buy orders. And yet, undeterred, the whale just keeps on keeping on—buying, buying, and buying more LDO. By our count, that makes about 13 days of excess accumulation over which to scrutinize the whale’s motivations. History of the Whale’s LDO Trades The whale, which is well-known for making big moves, is again interested in Lido’s LDO token. From June 16 to June 30, 2024, the whale traded an enormous amount of LDO. Unfortunately, the cryptocurrency was not trading favorably at that time, and the whale ended up buying 281,213 LDO at an average price of about $2.35 per token. When the whale’s funds were re-evaluated, it seemed that the address took a hit, with the total loss amounting to $65.96K, or about -10.9%. "Will This Whale Ever Love $LDO Again? " Whale 0x373, aka ThisWillMakeYouLoveAgain, is still doubling down on LDO! In the past 3 hours, they swapped 250 WETH ($685K) for 386,701 #LDO at an average price of $1.772. pic.twitter.com/Rz1KPztgzd — EyeOnChain (@EyeOnChain) February 13, 2025 Even with these earlier setbacks, 0x373 has pressed on, undeterred, and is now in a phase of accumulating LDO tokens as part of a larger strategy. They might have netted a loss on past trades, but their recent actions suggest they are now in a long-hold phase with a long-term vision for the token’s price. Whether this is an unfounded belief, a poor-luck strategy, or an investment guru’s path to future gains is anyone’s guess. Risk and Reward in Whale Trading Behavior 0x373 is a whale that understands how volatile the nature of the cryptocurrency market can be. This is most especially the case in the DeFi space, where we see rapid price swings happen with certain tokens. Whales are able to and often do make big enough price moves with their trades to have a noticeable effect on the price of a token, both in the short term and over longer periods of time. Because of the size of this whale’s trades and for how much it’s clearly moving (and stirring) the market, you can bet that smaller investors, and maybe even some traders who are now whale-watching, are making note of the action on this influential participant. Even though the short-term profits are not there, the whale’s several investments indicate a confidence that not only will the LDO price come back, but it will also continue to go up in the future. The whale is not the only one using this strategy. It seems more and more crypto investors are taking their cues from the whaling community and are adopting the “hold through volatilities” way of investing— that is, the submarine way. The conversations that the whale’s actions have stirred within the crypto community—especially among those who closely follow governance tokens—have placed Lido’s governance token, LDO, in the spotlight to see whether it will bounce back from its dip in price. The decentralized staking platform run by Lido has seen almost uninterrupted growth, however, and many Lido followers are placing their bets not just that LDO will regain its value but also that Ethereum staking will see further adoption, which will redound to the rise of not just LDO but also the price of Lido’s native token. A Big Bet on Lido’s Future At present, the whale is below on their two rounds of LDO purchases, but it’s clear they’re betting on the Lido project to succeed in the long term. Lido has made a name for itself as one of the top liquid staking providers on Ethereum. It offers a solution that’s supposed to allow Ether stakers to earn rewards while also maintaining liquidity through tokenized assets that have been staked. Lido’s role in the Ethereum ecosystem could play a big part in Ethereum’s success, which might bring about a rebound in LDO’s price. In the volatile sphere of cryptocurrency, big whales like 0x373 are frequently viewed as a semi-reliable indicator of which way the market is heading. Losses in this space are just part of the business, but what these big players do over the long term can give a much clearer picture of where sentiment is swinging. And this whale, for now, at least, seems to be quite steadfast in its belief that Lido not only is a worthwhile investment at present but also will be one even if current token prices hold stagnant or even drop for a time. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: mygrafics11/ 123RF // Image Effects by Colorcinch
