Lido Price Breaks $1.50 Barrier on Institutional Adoption & Ethereum Surge

LDO price is surging towards the $2 mark following a two-week rally fueled by institutional adoption of Lido’s staking protocol and a bullish sentiment in the Ethereum market. The recent rise coincides with the launch of secure stETH custody services by GK8, an institutional-grade provider under Galaxy. This development allows for greater access to ETH staking rewards at scale and has sparked strong buying pressure, driving LDO prices higher.