$RPL is trading at $7.23, with a 24-hour volume of $47.68 million and a market cap of approximately $155 million, marking a 28.5% gain over the last day. This surge was driven by record Ethereum staking demand funneled into Rocket Pool’s decentralized node network following the Shanghai upgrade—driving new rETH mints and TVL to multi-month highs—by Binance Futures’ recent addition of RPL trading pairs, which unlocked deep institutional liquidity and tightened exchange supply, and by significant on-chain whale accumulation as large holders withdrew RPL ahead of anticipated protocol upgrades, compressing circulating supply and fueling momentum buying.
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