Lido considering a $20M buyback.
Up to 10,000 stETH → buying LDO ≈ 8% of circulating supply
At the same time: LDO/ETH ratio at ~0.00016, which means ~70% below historical levels.
Protocol still dominates liquid staking, revenue intact, usage there, price got nuked with the rest of ETH beta.
My take: this is a classic “fundamentals vs sentiment” setup.
If DAO steps in to absorb supply here, insiders will see value where market sees dead weight.
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