- Large buyers showed strong interest in Polkadot‘s DOT over 24 hours.
- Corporate treasury activity and regulatory factors produced sustained buying pressure.
- Bifrost secured more than 81% of DOT’s liquid staking market, with over $90 million in total value locked.
- DOT’s price increased by 2.1% in the latest trading, reaching around $3.66.
- Technical analysis indicated periods of reduced volatility and signs of institutional accumulation.
Interest in Polkadot’s DOT token increased among major buyers during a recent 24-hour trading period. CoinDesk Research attributed this to corporate allocations and clear regulatory factors that maintained strong buying pressure.
According to CoinDesk Research, DOT’s price action indicated potential stability favored by institutional investors. Data showed that corporate interest remained steady, with trading volumes exceeding typical institutional levels during business hours.
A recent update by Bifrost revealed that it controls over 81% of DOT’s liquid staking token market. The protocol reported a total value locked (TVL) exceeding $90 million, based on its post on X.
DOT’s price rose by 2.1% over a 24-hour period, trading at around $3.66. The broader crypto market also advanced, with the Coindesk 20 index up 2%.
CoinDesk Research’s model found strong institutional support at key price levels. The analysis cited trading volumes surpassing standard thresholds and noted that reduced volatility might signal institutional accumulation ahead of enterprise adoption.
Periods of increased trading after typical market hours matched corporate activity patterns. “Price action demonstrated institutional-grade stability with sustained corporate interest indicators,” the report stated.
DOT is the native token of the Polkadot blockchain, which allows users to transfer digital assets and data securely between different blockchains. Liquid staking tokens like those offered by Bifrost enable holders to participate in network staking while maintaining liquidity.
The current developments in trading patterns and staking suggest increased attention from corporate participants and may set the stage for future institutional involvement.
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