Rocket Pool (RPL) On 4-Day Bullish Streak After Shapella, Can It Make A Fifth?

Rocket Pool native token RPL has recorded increased bullish activity and momentum in what seems to be an interesting turn of events stemming from the just concluded Shapella update and launch. While the Ethereum Shapella launch was much about allowing validators to withdraw staked ETH rewards, crypto enthusiasts and the blockchain community felt some uneasiness and worry about the impact these developments would have on Ethereum price and its staking pool platforms.

Timeline of Rocket-pool

Rocket Pool (RPL), a decentralized Ethereum staking pool, has been making waves lately in both its price growth and its overall protocol embrace by virtue of the offerings it brings to the table. According to data from IntoTheBlock, Rocket Pool has largely returned more profits to its wallet addresses than the majority of digital currencies around today.

One of the largest Ethereum (ETH) staking services, RocketPool, suffered a multimillion dollar sell-off today, allegedly caused by a phishing attack. According to Lookonchain, around 85,900 RPL were withdrawn from "poap.eth" and then exchanged for ETH, the equivalent of $3.8 million.

Trackers on January 18 show that the native token of Rocket Pool, RPL, rallied 55% and is among one of the top performers in the top 100 coins by market capitalization. Rocket Pool is Rallying after Binance Listing The surge coincides with RPL's listing on Binance, the world's largest cryptocurrency exchange by trading volume.

Binance announced today to list Rocket Pool in the Innovation Zone and start trading for these spot trading pairs on January 18th at 8:00 UTC. Binance new spot trading pairs are RPL/BTC, RPL/BUSD, and RPL/USDT.