LPT Token Surges 21% as Exchange Withdrawals Tighten Supply and Project Upgrades Spark Interest

Livepeer (LPTUSDT) has seen a notable 21.40% price increase over the past 24 hours on Binance, rising from 2.892 USDT to 3.511 USDT. The price surge is primarily attributed to significant withdrawals of LPT from centralized exchanges—over 3.09 million LPT in the past 60 days—leading to reduced liquid supply and increased off-exchange holdings, which has contributed to upward price pressure. Recent technical analyses have indicated mixed signals, but positive sentiment was reinforced by major trading activity (1.55 million LPT and 4.90 million USDT exchanged in the past day) and anticipation of upcoming project upgrades scheduled for February and May 2026. Livepeer's current circulating supply is around 49 million LPT, with trading volumes on Binance remaining strong and a 24-hour range between 2.794 and 3.534 USDT, reflecting continued market volatility and heightened interest in the asset.