Lido DAO price rebounds 5% as NEST vote goes live

Lido DAO price rebounded more than 5% on Thursday as holders voted on the NEST automated buyback system, although concerns over Ethereum’s proposed staking changes kept LDO under pressure. Summary Lido DAO price rose 5.2% in 24 hours after briefly falling to $0.2757. The token remains down 16.7% over seven days but has gained about 5% monthly. Lido DAO’s NEST vote runs until Aug. 8 at 2:00 p.m. UTC. Ethereum’s proposed EIP-8361 raised concerns about Lido’s future staking revenue. Lido DAO price rebounds after 16% weekly decline According to data from crypto.news, Lido DAO (LDO) price traded near $0.293 at the time of writing. The token moved between $0.2757 and $0.3048 over the previous 24 hours before recovering about 5.2%. Despite the rebound, LDO remained down approximately 16.7% over the past week. It underperformed the broader cryptocurrency market, which gained about 1.3% over the same period. The monthly performance was more positive. LDO remained about 5.1% higher over 30 days after rallying during July. The token had gained roughly 65% at one point last month before encountering resistance around $0.40. Trading volume reached about $62.2 million over 24 hours. However, vol...