Steth just hit $2595.97, up 5.64% in the last 24 hours! 🎉 but what’s behind this pump? let’s dive in!

first off, the recent liquidation of 25 million ldo tokens by sky union’s co-founder seems to have stirred the pot. with a massive profit of $46.73 million, this move might have injected some confidence into the market, making investors bullish on lido-related assets like steth. 💸

moreover, the ongoing discussions about ethereum’s execution layer improvements could be playing a role. if ethereum becomes the go-to for valuable transactions, lido’s staking services might see a boost, pushing steth’s value up. 📈

also, the general vibe in the crypto market is shifting. major announcements are starting to impact prices again, and with lido being a key player in the staking game, steth is riding the wave. 🌊

all in all, it’s a mix of strategic moves and market dynamics. feeling pretty stoked about this one! 😎