Sui Ecosystem Sees Rally as DEEP Token Lists on Upbit
The post Sui Ecosystem Sees Rally as DEEP Token Lists on Upbit appeared on BitcoinEthereumNews.com.
DEEP and SUI tokens shot up 56% and 28%, respectively, in the past 24 hours. DEEP skyrocketed after Upbit listing and Binance listing DEEP futures. SUI could target the previous high around $3.20 if the bullish momentum sustains. The Sui ecosystem saw significant activity Wednesday following the high-profile listing of DeepBook’s native token, DEEP, on Upbit, South Korea’s premier exchange. This news sent both DEEP and the network’s SUI token soaring – posting 24hr gains of 56% and 28% respectively, strongly outperforming peers. The Upbit listing, which occurred at 05:30 UTC on April 22nd, initially trading against the Korean won (KRW). Also, Binance announced DEEP/USDT perpetual contracts with up to 50x leverage, further boosting trading interest globally. DeepBook Upgrade and Explosive DEEP Rally DeepBook, a decentralized central limit order book (CLOB) and on-chain liquidity aggregator built on the Sui blockchain, recently underwent a significant upgrade with the launch of DeepBook v3.1 on April 16th. This upgrade introduced enhanced liquidity pools and reduced fees, potentially contributing to its growing appeal. DeepBook v3.1 is live on @SuiNetwork Permissionless pools. Lower fees. Deeper liquidity. This upgrade marks a new era for onchain trading — designed for builders, traders, and everyone in between. Let’s break it down 👇 pic.twitter.com/Ke8zpMRiWA — DeepBook Protocol on Sui (@DeepBookonSui) April 16, 2025 The Upbit listing triggered an immediate and dramatic price rally for DEEP. Within a mere ten minutes of the announcement, the token’s price doubled from $0.092 to $0.183. At the time of writing, DEEP is trading at $0.2002, accompanied by a massive 274% explosion in its trading volume. Related: ONDO and SUI Buck Trend With 5% Gains: Here’s What the Charts Show DEEP has successfully reclaimed its 20-day Exponential Moving Average (EMA) at $0.0967 and is currently battling to maintain its position above the crucial $0.2000…
Filed under: News - @ April 23, 2025 12:23 pm