Lido token (LDO) plummeted by almost 20% since Friday after the rumors of a Securities and Exchange Commission (SEC) Wells Notice.
As the SEC cracks down on Web3 firms, a rumor from the Bankless Show negatively impacted the price of the LDO. David Hoffman, the show host, talked about the rumors of Lido getting a Wells notice, and the price formed a low after correcting 20%.
Later the podcaster apologized for spreading the rumor and informed that Lido did not receive a Wells notice.
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In the widely circulated video, Hoffman said, “Many wells notices have been issued to many of the DeFi apps. Wells notices have got shot out across the industry in…
