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Crypto whales have been accumulating Lido LDO tokens over the past week in the lead-up to the release of staked Ethereum withdrawals.

Ethereum liquid staking platform Lido has enabled staked ETH withdrawals as part of its V2 upgrade launch.

Celsius has been making moves to shift its Ethereum staking tokens from liquid staking platform Lido. On May 15, a transaction was identified on Celsius wallets for 428,015 stETH (Lido staked Ether) to the Lido staked Ethereum wallet.

Key Points: Lido, the Ethereum-based staking provider, recently launched its second version, known as V2. This has caused a rise in the value of LDO, its native governance token, which increased by 10% to $2.15 in the last 24 hours.

The bankrupt crypto lender has been moving its massive stash of staked Ethereum.

May 15th marks a new dawn for the Ethereum liquid staking protocol, Lido Finance, as it seeks to launch the highly anticipated V2 update on its platform. According to Lido contributors, the V2 update is its biggest platform update yet and a step in the right direction toward further decentralization in the blockchain industry.

Lido users can now unstake their stETH and receive ETh at a 1:1 ratio.

Ethereum was upgraded to allow withdrawals on April 13, but Lido had not previously integrated with the new feature.

Lido Finance activated Ethereum withdrawals after the liquid staking protocol's version 2 went live on the Ethereum mainnet earlier today.

Liquid staking protocol Lido (LDO) will finally enable staked Ethereum (ETH) withdrawals after its community-supported enacting of the V2 upgrade. The protocol announced this development on May 15, saying final checks were occurring and users should stay tuned.

Lido Finance has upgraded to version 2, enabling users to withdraw ether from the platform.

The top two liquid staking derivative tokens defied last week's bearish trend as Ethereum deposits regained April highs.

Litecoin and Lido DAO have emerged as the top performers from the top 50 alts today.

Lido will be unlocking withdrawals soon. The rewards and daily deposits would act as a buffer if unstaking requests remain under 10%.

While most coins are reeling under pressure, Bitcoin and select altcoins such as ADA, ATOM, LDO, and ARB are showing promise.

Lido's vote for deploying its second iteration on Ethereum received a positive response. It remains a dominant platform with a high market share and Total Value Locked.

Today's cryptocurrency market showcases PEPEcoin (PEPE), Rocket Pool (RPL), Bitcoin SV (BSV), LEO, Lido (LDO), and Frax Share (FXS) as the top gainers, while WOO Network (WOO), Nexo, Klaytn (KLAY), Curve DAO Token (CRV), Internet Computer (ICP), and Chainlink (LINK) have faced losses.

Having survived a week dominated by the bears, the price of Lido DAO (LDO) is on the rise today, tallying a 16% increase in the past 24 hours. This price recovery has left many wondering if the bearish trend is over and whether the bulls might be onto something here.

Solana, NEAR, and ApeCoin are the other notable gainers from the larger-cap alts.

Today's cryptocurrency market showcases PEPEcoin (PEPE), Lido (LDO), Kava (KAVA), Optimism (OP), Frax Share (FXS), and Luna Classic (LUNC) as the top gainers, while Toncoin (TON), XinFin (XDC), PancakeSwap (CAKE), BitTorrent (BTT), and Flare (FLR) have faced losses.

According to the official announcement, the Aragon Vote to implement the Lido V2 upgrade on Ethereum is currently taking place.

If the governance vote passes, the latest iteration of Lido will come to the Ethereum blockchain, Lido's biggest market.

Popular Ethereum liquid staking solution Lido will soon deploy its V2 upgrade, pending an on-chain vote that will go live on Friday.

Today's cryptocurrency market showcases Stellar (XLM), XinFin Network (XDC), Dai (DAI), and Binance USD (BUSD) as the top gainers, while Pepe Coin (PEPE), Lido DAO Token (LDO), Injective Protocol (INJ), Optimism (OP), Sui (SUI), Frax Share (FXS), and Synthetix (SNX) have faced losses.