CandleFocus DeepBook token soared after airdrop, but gains could be brief
2024-10-15
Author: Content Editor
The DeepBook token experienced significant growth after its airdrop, with its price jumping over 261% from its lowest point on Monday. It has become a major player in the Sui ecosystem and has seen a high trading volume in the last seven days. The token will be used for trading fees, liquidity provision, and network governance. However, there is a concern about potential token dilution as more coins are released to the market over the next seven years. The token's future performance will depend on additional listings on centralized exchanges and the continuation of the current crypto market recovery.
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