Livepeer Token Soars 150% Following Upbit Listing, Bucking AI Crypto Downtrend
Livepeer’s native token, LPT, surged as much as 150% on Friday, defying a broader market downturn and marking its highest price in four months. The spike came as Korean crypto exchange Upbit announced new trading pairs for the token, boosting investor enthusiasm.
LPT climbed to an intraday peak of $14.20, up from around $5.68, according to CoinDesk data. The explosive rally occurred even as major cryptocurrencies slumped—Bitcoin fell 2% to just under $106,000, and the CoinDesk 20 Index dropped 3.5%. Most AI-linked tokens also traded lower, with losses between 5% and 10%.
The price surge was catalyzed by Upbit’s listing of LPT against both Korean won (KRW) and Tether (USDT), exposing the token to a large base of retail traders in South Korea.
Adding to the momentum, asset manager Grayscale recently launched its Artificial Intelligence Crypto Sector investment product, which includes Livepeer among 20 selected AI-related cryptocurrencies. This institutional recognition has added credibility and visibility to the project.
Meanwhile, the Livepeer Foundation has been actively engaging with its community, launching a new survey to guide the protocol’s long-term strategic direction—another factor that may have contributed to renewed investor interest.
Despite the broader market’s weakness, Livepeer’s breakout signals that targeted catalysts, exchange listings, and institutional attention can still drive sharp price movements—particularly in niche sectors like decentralized AI infrastructure.
