Summary:
- DEEP token price surged 21.30% in 24 hours
- Upbit, South Korea’s largest exchange, listed DEEP/KRW
- DEEP trading volume jumped by 1,521%
- Price peaked at $0.1787 post-listing
- DEEP now ranks #131 by market cap at $340.76M
- Also available on Binance Futures via DEEPUSDT contract
- Built on Sui blockchain with DeFi features like flash loans & parallel execution
Upbit Listing Triggers Massive Price Spike
The price of the DeepBook Protocol’s native token (DEEP) has seen a remarkable increase, jumping over 21% within 24 hours, following the announcement of its listing on Upbit. Upbit, the largest cryptocurrency exchange in South Korea, introduced the DEEP/KRW trading pair, attracting a wave of new investors. The listing news caused a rapid price surge from $0.092 to a peak of $0.1787, nearly doubling its value in a matter of minutes. Such price reactions are common in the crypto world when tokens get listed on major exchanges, as it signals credibility and increases exposure to a wider audience.
Ultra-High Liquidity Driving Market Enthusiasm
One of the most notable statistics that caught investor attention is DEEP’s volume-to-market cap ratio of 92%, highlighting the token’s exceptional liquidity. A surge of over 1,521% in trading volume demonstrates how quickly interest has grown following the Upbit listing. Liquidity is a key factor for traders because it ensures smooth transactions and minimizes price slippage. This sudden influx of volume and activity suggests that many traders and investors are now taking a keen interest in DEEP as a promising digital asset.
Binance Futures Expands DEEP Exposure
Adding further momentum to DEEP’s bullish run is the Binance Futures announcement. Binance, one of the world’s largest cryptocurrency exchanges, introduced the DEEPUSDT perpetual contract, allowing users to trade DEEP with leverage. While Binance hasn’t listed DEEP for spot trading yet, its availability in the futures market still opens up the asset to a more advanced class of traders. This move significantly boosts DEEP’s exposure to global markets and introduces it to speculative traders looking to capitalize on price movements.
Strong Fundamentals Back the Hype
Beyond the listing news, DeepBook Protocol stands on a solid foundation. It is a decentralized finance (DeFi) platform built on the Sui blockchain, known for its high performance and scalability. DeepBook Protocol is designed to simplify and enhance trading experiences by offering innovative DeFi features such as flash loans, parallel transaction execution, and a user-friendly interface. These features make it more attractive for developers and users looking for efficient DeFi solutions. The recent price rally isn’t just a result of hype—it’s also driven by genuine belief in the project’s long-term value.
Final Thoughts
The DEEP token’s explosive growth following its listing on Upbit is a clear indicator of how powerful exchange partnerships can be in the crypto space. Coupled with the fundamentals of the DeepBook Protocol and additional trading options on Binance Futures, DEEP is quickly gaining traction in the DeFi market. While short-term price movements are exciting, it’s the project’s core technology and real-world utility that will determine its longevity. As more investors become aware of its potential, DEEP could be one of the DeFi tokens to watch closely in 2025.