LPT Price Surges 130% Following Key Exchange Listing
- Livepeer’s listing on Upbit sparked massive price jump.
- Market cap reached $474 million rapidly.
- Surge unnoticed by major related tokens.
LPT witnessed a dramatic surge, climbing over 130% on May 30, 2025, driven by a listing on Upbit in Korea. The move elevated its market cap to $474 million, bucking broader crypto trends.
The spike in Livepeer’s token value signifies its market positioning, particularly through its Upbit listing, highlighting robust investor interest despite a declining crypto market environment.
Livepeer’s native token (LPT) recorded a significant leap, propelled by its debut on Upbit. The Korean exchange’s platform allowed for trading in both KRW and USDT, offering deep liquidity access. Major figures like CEO Doug Petkanics are notable, though currently silent on the event. The exchange listing gave the token a crucial platform, visibly impacting trade volumes and price activity. The Livepeer Foundation’s new advisory initiatives may have also played a role.
Market experts observe the passing of similar Upbit-driven booms with tokens such as WEMIX. Financial implications include the short-term surge in trading volume, while the listing presents opportunities for broader infrastructure growth. Meanwhile, no direct comments from leadership or regulators have emerged regarding these developments. Analyst Joel Kruger cites Grayscale’s recognition of Livepeer as boosting investor sentiment, potentially sustaining LPT’s momentum.
Incorporating Grayscale’s AI Crypto Sector inclusion of Livepeer and the concurrent community survey from the Livepeer Foundation, the strong bullish momentum for LPT is evident,” noted Kruger, as detailed on CoinDesk. Institutional support, like Grayscale’s inclusion, could endorse Livepeer’s relevance. Such engagement often translates to increased interest from investors. The repercussions on Ethereum-adjacent services remain limited today, but prolonged interest may shift dynamics.
