LPT Slides 21% After Upbit Listing Surge, AI Subnet Launch, and Heavy Trading Volume

Livepeer (LPT) is currently trading at approximately $8.77 on Binance, reflecting a 24-hour decline of 21.32% with a 24-hour opening price of $11.15 and significant trading volume, following a period of heightened volatility and heavy market activity. The sharp price movements over the past 48 hours were primarily driven by LPT’s recent listing on the South Korean exchange Upbit, the launch of an AI subnet for decentralized video processing, and new partnership announcements, which led to a rapid surge above $14 before a subsequent pullback as traders engaged in profit-taking and the broader crypto market showed signs of weakness. Large holder accumulation prior to these events and elevated trading volumes contributed to the initial rally, while the current retracement reflects market consolidation after the spike.