The key factor for boosting liquidity

I've been looking into what causes crypto price swings and volatility in the web3 space, and here’s my take; I don’t think it covers everything. The big thing to consider is crypto stacking or locking, whatever term you prefer. I’ve noticed that a few projects this season that are seeing price increases are those focused on liquid stacking protocols. Plus, that buy-back method also seems to amplify utility! Just look at PUMPBTC, trading at around $0.205, which is up like 127% in just 24 hours. It’s got me feeling validated about stacking. What other strategies do you think play a big role in driving crypto prices up over time?

I think it's worth separating price squeezes from liquidity. Staking/"liquid staking" reduces circulating float, which can make thin books move +127% in a day… but that usually hurts liquidity depth, not pumps it. Liquid staking derivatives can even be rehypothecated as collateral, so you get more leverage on less float, great until unlocks or funding flips. For that PUMPBTC move, what's the combined 1% depth and venue mix? And beyond staking, which lever have you seen add real depth rather than just a weekend squeeze?