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Livepeer trading volume surges 6x its 90-day average on sudden activity spike
- Livepeer recorded a massive surge in market activity as its daily trading volume exploded to $45.69 million on May 22.\n- This volume represents 6.06 times its 90-day average of $7.53 million, and a 25-fold increase from its May 20 volume of $1.81 million.\n- The volume spike occurred during a minor 3.39% price decline, indicating heavy high-volume distribution or consolidation.
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Conclusion
May 22 quote volume for LPT-USD was $45,690,910.43 vs its 90-day average of $7,533,634.13 (a 6.06x ratio) and its May 20 volume of $1,809,530.94. The May 22 close price fell 3.39% to $2.0839 from $2.1570 on May 21. Verified via the CoinDesk Spot Price index. This is fresh today because the volume spike peaked on May 22.