Lido (LDO) and Ethena (ENA) saw significant price increases of 14% to 15% as traders capitalized on cheaper staking tokens after a week-long decline. This surge followed the U.S. Securities and Exchange Commission's (SEC) recent clarification on staking, which is viewed as a positive development for decentralized finance (DeFi). The SEC's stance is believed to encourage institutional investments in DeFi, notably in Ethereum-based protocols reliant on staking for yield generation. In the past 24 hours, ENA's trading volume surged to $1 billion, while LDO's volume increased by 83% to $256 million. However, a high ether validator queue, totaling $3.8 billion, poses potential selling pressure that could limit further upward movement for these tokens. Overall, despite momentum in the altcoin sector, the high level of staked ether could lead to profit-taking if these tokens are unstaked.

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