Bybit posted three operational updates through its announcements channel. First, the exchange said it has enabled $SOSO deposits on ValueChain, adding that withdrawals will open once liquidity requirements are met.

Shortly after, Bybit flagged a derivatives listing update, announcing a new perpetual contract: ESPUSDT. The post is presented as a “New Listing” drop, which typically signals that contract trading is available or imminent through the exchange’s derivatives interface.

Separately, Bybit pushed a promotional activity focused on metals, asking users to guess the highest ROI metal to split a 2,000 USDT prize pool, with the event window shown as running until Feb 24, 2026, 9:59AM UTC. A matching Bybit announcement page also describes the same 2,000 USDT “highest ROI metals” concept as a new-user activity.

Why It Matters

Even when they look routine, exchange-ops updates can move short-term flows because they change how capital enters and exits a micro-market.

Turning on deposits for a specific token on a less common network can alter the path of early liquidity. If ValueChain deposits are cheaper or faster than alternative routes, arbitrage and market-making desks may route inventory through that rail, which can tighten spreads or accelerate price discovery once two-way flow builds. The flip side is that withdrawals staying closed until liquidity requirements are met can temporarily create one-way pressure. Users can send tokens in, but cannot immediately take them out, which can affect cross-venue balance dynamics.

New perp listings also matter because they introduce leverage access and funding mechanics. Even with modest initial open interest, a fresh contract can create a burst window where price moves are exaggerated, especially if liquidity is still bootstrapping. In practice, perps can become the first place where speculative positioning concentrates, which can increase volatility around launch periods.

The metals promo is smaller in market structure impact than a listing, but it is still relevant as a behavior signal. Promotions tied to “tradfi-adjacent” instruments can nudge users into a specific product surface and create short-lived activity spikes, especially when the prize pool is simple and the deadline is tight.

What Traders Should Watch

For the $SOSO ValueChain rail, the immediate checks are operational rather than narrative. Traders should look for the exact deposit parameters shown in Bybit’s deposit UI, including any contract address display, deposit confirmations, and whether ValueChain is offered as a single route or one of several network options. The second timing variable is the withdrawal unlock.

For ESPUSDT, the key details that usually determine early volatility are the contract specifications. Max leverage, funding interval, tick size, and risk limits often shape how quickly open interest builds and how violent early candles can be. If Bybit places the contract under tighter controls at launch, it typically shows up as stricter risk limits or higher initial margin requirements. Those details are normally accessible through the contract info panel or API contract specification pages after the listing goes live.

For the “highest ROI metal” activity, the practical questions are eligibility and product scope. Users will want to confirm which Bybit product module the event references, whether it is restricted to new users only, and how Bybit defines “ROI metal” for the purposes of the contest.

The post Bybit Enables SOSO Deposits on ValueChain and Lists ESPUSDT Perpetual appeared first on Crypto Adventure.

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Filed under: Bitcoin - @ February 16, 2026 8:23 am