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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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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