LPT Volatility Surges as Upbit Listing Drives Price Spike, Followed by Sharp Pullback and High Volume

Livepeer (LPT) is currently trading at $9.048 on Binance, reflecting a 5.75% decline over the past 24 hours, with strong trading volume and a recent spike to highs near $11.77 before a pullback. The recent price surge was primarily driven by LPT’s listing on Upbit, which significantly increased trading activity and market interest, despite no new protocol updates or major announcements. The subsequent retracement and increased volatility are attributed to profit-taking following the rapid gains, the liquidation of high-leverage long positions as funding rates turned negative, and broader market weakness. Overall, LPT remains volatile with robust market participation, and traders are closely watching key support and resistance levels for further direction.