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DEEP Trading in a Tight Range

DEEP is trading in a range between $0.0696 and $0.726 for now. I think there is risk of a selloff for DEEP because a large airdrop is released today. The Sui team increased the size of the airdrop by 5x so this airdrop will place a lot of sell pressure. Another important factor is the NS listing. The last time a Sui token (DEEP) was listed the entire Sui ecosystem and memecoins experienced a selloff as traders sold their Sui tokens to buy DEEP. I would be cautious for a similar approach with NS where SUI, Sui ecosystem tokens (CETUS, DEEP, etc.) and SUI memes selloff as traders move their money into NS.

DEEP airdrop has been distributed, the price of DEEP is likely to selloff in the short term. Especially with NS listing later tonight, DEEP profits are likely to go into NS.

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