--- title: What's Driving Token Prices? April 12, 2023 description: Join Arca's Director of Research, Katie Talati, to learn about what is driving SUSHI, LOOKS, ETH, & MPL token prices in the digital asset ecosystem. image: https://www.ar.ca/hubfs/WDTP%20Thumbnail.jpg --- [![email-sig-logowhite](https://www.ar.ca/hs-fs/hubfs/email-sig-logowhite.png?width=102&height=96&name=email-sig-logowhite.png "email-sig-logowhite")](https://www.ar.ca/) - Investments - [Invest](https://www.ar.ca/invest) - [Portfolio](https://www.ar.ca/arcaportfolio) - Labs - [Overview](https://www.arcalabs.com) - [ArCoin](https://www.arcalabs.com/about-arcoin) - [Services](https://www.arcalabs.com/innovation-services) - Resources - [Arca Crypto Market Call](https://www.ar.ca/arca-crypto-market-call) - [DePIN](https://www.ar.ca/depin) - [Digital Asset Classification](https://www.ar.ca/digital-asset-types-and-valuations) - [Blockchain Transferred Funds (BTFs)](https://www.ar.ca/btf) - [NFTs](https://www.ar.ca/nft) - [Decentralized Governance](https://www.ar.ca/decentralized-governance) - 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[NFT Strategy (LPs Only)](https://arcafinance.docsend.com/view/s/jjkzk3z9nw7mjgf6) - [Insights For Prospects](https://arcafinance.docsend.com/view/s/dhz2wmhzdd9x6ur5) ![](https://www.ar.ca/hubfs/Whats-Driving-Token-Prices-Header.jpg) [Investing Themes](https://www.ar.ca/blog/tag/investing-themes) | # What's Driving Token Prices? April 12, 2023 [![Katie Talati](https://www.ar.ca/hubfs/Katie%20Talati.png)](https://www.ar.ca/blog/author/katie-talati) Written by [Katie Talati](https://www.ar.ca/blog/author/katie-talati) Apr 12, 2023 **Join Katie Talati, Arca’s Head of Research, weekly on Wednesday at 4PM EST / 1PM PST as she shares notable token activity over the past week and her insights on what market events drove these token price movements.** Watch Our Founders Video - **SUSHI (-2.4%) **-** **Decentralized exchange Sushiswap fell victim to a hack over the weekend. The hack was resulted from a bad contract upgrade which allowed hackers to steal money from the wallets of users that had granted their wallets permission to use Sushiswap in the last few days. Not many users were impacted, however, one user lost $3.3M in ETH. On a positive note, the team has recovered about $3M of the user’s funds through “whitehat security processes.” - **LOOKS (-1.6%)** - NFT marketplace Looksrare released its V2 version last week which included several new features such as bulk buys and bulk listings, lower ETH fees, lower protocol fees, and more. Looksrare has fallen behind its competitors as of late with the rise of zero-fee marketplaces such as Blur, and now makes up only 1.2% of the $1.4B in NFT monthly volumes. - **ETH (-0.7%)** - The day has finally arrived; ETH is expected to undergo the Shanghai hard fork at around 3.30 pm Pacific. The hard fork will introduce the ability for Ethereum stakers to unstake their ETH and claim accrued ETH rewards (there are over 1.1m in ETH rewards). Many have speculated that the ETH price could plummet following the upgrade as users unstake and sell. However, to unstake, users must enter a withdrawal queue and wait their turn. Currently, the withdrawal queue has 3,900 validators, which puts the withdrawal queue at just over 2 days. - **MPL (+23%)** - Uncollateralized lend/borrow platform Maple is launching a lending pool that allows accredited investors and corporates outside the U.S. to earn yield on Treasury bonds. Previously, the team announced that they were planning to pivot to offering fully collateralized products, especially as a number of their borrowers went under. The team also announced they are planning to revamp MPL tokenomics later this year. Maple currently only has $26M of loans outstanding. *DISCLAIMER: This commentary is not intended to be investment advice, investment research, or a recommendation. Please consult your investment professional for your own circumstances."*   ### Subscribe For the Latest Blockchain News & Analysis     Disclaimer: This commentary is provided as general information only and is in no way intended as investment advice, investment research, legal advice, tax advice, a research report, or a recommendation. Any decision to invest or take any other action with respect to any investments discussed in this commentary may involve risks not discussed, and therefore, such decisions should not be based solely on the information contained in this document. Please consult your own financial/legal/tax professional. Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed are those of the author, and are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Arca disclaims any obligation to update or revise any statements or views expressed herein. Past performance is not a guarantee of future results and there can be no assurance that any future results will be realized. Some or all of the information provided herein may be or be based on statements of opinion. In addition, certain information provided herein may be based on third-party sources, which is believed to be accurate, but has not been independently verified. Arca and/or certain of its affiliates and/or clients may now, or in the future, hold a financial interest in investments that are the same as or substantially similar to the investments discussed in this commentary. 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July 8, 2026](https://www.ar.ca/blog/whats-driving-token-prices-july-8-2026) Jul 8, 2026 | 1 min read [![](https://www.ar.ca/hubfs/Blog/WDTP/WDTP%20Thumbnail.jpg) ](https://www.ar.ca/blog/whats-driving-token-prices-july-1-2026) [Investing Themes](https://www.ar.ca/blog/tag/investing-themes) ### [What's Driving Token Prices? July 1, 2026](https://www.ar.ca/blog/whats-driving-token-prices-july-1-2026) Jul 1, 2026 | 1 min read [![](https://www.ar.ca/hubfs/Blog/WDTP/WDTP%20Thumbnail.jpg) ](https://www.ar.ca/blog/whats-driving-token-prices-june-24-2026) [Investing Themes](https://www.ar.ca/blog/tag/investing-themes) ### [What's Driving Token Prices? June 24, 2026](https://www.ar.ca/blog/whats-driving-token-prices-june-24-2026) Jun 24, 2026 | 1 min read ### Arca Los Angeles I New York (424) 400-7444 info@ar.ca [![LinkedIn](https://www.ar.ca/hubfs/LinkedIn.png "LinkedIn")](https://www.linkedin.com/company/arcafinance/mycompany/) [![Twitter](https://www.ar.ca/hubfs/Twitter.png "Twitter")](https://twitter.com/arca) [![Youtube](https://www.ar.ca/hubfs/Youtube.png "Youtube")](https://www.youtube.com/c/Arcafinance) - Divisions - [Arca Investments](https://www.ar.ca/invest) - [Arca Labs](https://www.arcalabs.com/) - Company - [Data Room](https://www.ar.ca/data-room-access) - [About](https://www.ar.ca/about-arca) - [Press](https://www.ar.ca/press) - [Careers](https://www.ar.ca/careers) - Legal - [Privacy](https://www.ar.ca/privacy-policy) - [Terms of Use](https://www.ar.ca/terms-of-use) - Education - [Resources](https://www.ar.ca/digital-asset-faqs) - [Insights](https://www.ar.ca/blog) - [Events](https://www.ar.ca/dafii-2022) ### Contact Us Copyright © 2025 Arca Holdings. 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