Polkadot’s DOT Sees Increased Institutional Demand, Bifrost Leads Liquid Staking Market
Polkadot’s native token, DOT, experienced a significant uptick in buying activity from large investors over the past 24 hours. This surge was fueled by growing corporate treasury interest and clearer regulatory guidelines, according to CoinDesk Research’s technical analysis model.
The analysis indicated that DOT’s price movements reflect institutional-grade stability, backed by sustained signs of corporate demand.
As of July, Bifrost commands more than 81% of DOT’s liquid staking token (LST) market share, holding over $90 million in total value locked (TVL), according to a recent post on X.
DOT’s recent rally also coincided with gains across the broader crypto market, with the CoinDesk 20 index rising approximately 2%.
In the latest trading session, DOT rose 2.1% over 24 hours, trading near $3.66.
Key Technical Insights:
- Institutional order flow created solid support levels, indicating influence from corporate investment committees.
- Discussions around corporate treasury allocations likely contributed to resistance near critical price levels.
- Trading volume surpassed institutional benchmarks during typical corporate decision-making hours.
- After-hours volume spikes matched usual patterns for corporate announcements.
- Reduced volatility periods suggest accumulation phases, signaling preparation for potential enterprise adoption.
- Overall price behavior aligns with stable, institution-driven market activity and ongoing corporate interest.
