Livepeer Soars 150% on Upbit Listing and Grayscale Boost, Bucking AI Token Slump
Livepeer’s native token LPT skyrocketed 150% on Friday, reaching a four-month high of $14.20, even as most AI-related cryptocurrencies posted heavy losses. The rally came on the heels of a dual catalyst: a listing on Korean exchange Upbit and institutional recognition from Grayscale.
Upbit’s addition of LPT/KRW and LPT/USDT trading pairs significantly expanded market access, triggering a wave of South Korean buying interest. This alone sparked notable momentum, but broader attention followed after Grayscale earlier in the week launched its AI Crypto Sector index, featuring Livepeer as a constituent.
The rest of the AI crypto sector didn’t fare as well. As bitcoin dropped 2% to around $104,000, many AI tokens followed suit, with losses between 5% and 10%. The CoinDesk 20 Index also fell 3.5%, underscoring Livepeer’s outperformance.
Behind the scenes, the Livepeer Foundation has been ramping up strategic activity, initiating a community-driven survey and activating its advisory boards to shape long-term planning—signs of growing governance engagement that may have added to investor confidence.
Despite broader market weakness, Livepeer’s sharp move reflects how strong catalysts—especially exchange listings and institutional inclusion—can still ignite outsized gains in niche crypto sectors.
