LPT Token Surges 20.98% as Trading Volume Hits $277.3M and Liquid Supply Drops

Livepeer (LPTUSDT) experienced a notable price increase of 20.98% in the last 24 hours, with the current price at $3.494 and a 24-hour opening price of $2.888 on Binance. This surge is primarily attributed to a significant increase in trading volume—up to $277.3 million—and substantial withdrawals from centralized exchanges, reducing liquid supply and boosting demand. There are no recent major events or announcements, but upcoming protocol upgrades and developer tools, combined with increased top wallet holdings, have supported market interest and contributed to positive momentum.

The market is currently seeing elevated trading activity and volatility, with Livepeer outperforming the broader cryptocurrency sector and its circulating supply reported at approximately 49 million LPT. The network remains secure with a participation rate above 50%, and its market capitalization ranges between $138.69 million and $185.19 million.