The DEEP token is launching on SUI late Sunday night/early Monday morning (3 AM PST / 6 AM EST). I’m really excited about this project as I believe it has significant long-term potential. You can read more about the details here: https://deepbook.tech/deep-token
Most of the tokens are locked by the team, and DEEP will function similarly to Binance Coin in a way that DEEP will be used to pay for trading transactions. With a low initial float like SUI, the price could rise quickly due to limited supply in circulation.
I think the likely scenario is an initial rally at launch with potentially a 1-10x run before a selloff. There is the risk of an initial selloff as well, but it’s a new coin and there should be more buyers than sellers. Given that there are no holders yet, I’m leaning towards the likelihood of an immediate rally. There will be an airdrop to early members (though details aren’t clear yet), and a possible selloff could follow once the airdrops are distributed.
Regardless of short-term volatility, this is a long-term investment for me. While I’ll look for short-term trading opportunities, I’m comfortable holding DEEP for the long haul. I believe in the project’s potential for growth over time.
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