Sui Ecosystem Altcoin Soars After Upbit Announces Unexpected Listing
Upbit, a South Korean crypto exchange, has triggered a surge in the price of DeepBook (DEEP) after announcing its listing on the platform.
Starting Tuesday, Upbit will support DeepBook for trading over the Sui network. DeepBook is a decentralized central limit order book (CLOB) designed to enhance decentralized finance (DeFi) on Sui by offering liquidity for protocols like Cetus, Aftermath, and FlowX.
After the listing announcement, DEEP surged over 97%, reaching a high of $0.166 from $0.0842. Before retracing to $0.118, still reflecting a 30.2% gain. With a market cap of $295.1 million, DEEP is currently the 204th largest crypto project.
Clever Robot News Desk 24th April 2025
