LPT Plunges 24% After 150% Surge Post-Exchange Listings Amid Record $2.29B Trading Volume

Livepeer (LPT) is currently trading at $9.60 on Binance, reflecting a 24-hour decline of 24.20% from an open of $12.67, with trading volume remaining elevated at over $2.29 billion and a market cap estimated between $222 million and $367 million. The sharp price drop and heightened volatility over the past day are primarily attributed to a rapid surge following LPT’s listing on major exchanges such as Upbit and dYdX, which initially drove the token up by over 150% before a swift correction set in; this pattern is typical for newly listed assets experiencing speculative trading and profit-taking, further amplified by negative funding rates and broader market bearishness.