Ah, the world of crypto-where fortunes are made, lost, and then made again before you can say “blockchain.” Grayscale, that titan of digital asset management, has unveiled two new trusts on August 12, plunging investors into the thrilling depths of DEEP and WAL tokens. These tokens, linked to the Sui blockchain’s foundational protocols, are like the champagne of DeFi: bubbly, expensive, and leaving everyone a little tipsy with excitement. 🍾
Behold, the Grayscale DeepBook Trust and Grayscale Walrus Trust! Not just random words strung together, mind you, but a “strategic expansion” of Grayscale’s product suite. Apparently, these tokens are the Beyoncé and Jay-Z of decentralized finance, driving innovation in DeFi and on-chain data services. And if you’re wondering why this matters, well, it’s been almost a year since Grayscale introduced the Sui Trust, so… timing is everything, darling. ⏳
Step Right Up: Grayscale’s Carnival of Infrastructure Tokens 🎪
Accredited investors, rejoice! Both trusts now allow you (yes, *you*!) to subscribe daily and dive headfirst into DeepBook (DEEP) and Walrus (WAL). Think of them as the Batman and Robin of the Sui blockchain, each addressing core needs with flair. DeepBook? Oh, it’s a central limit order book-a liquidity powerhouse for DeFi protocols. Walrus? The privacy-focused guardian of on-chain data storage, because who doesn’t love secure data sharing? 🔒
Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale, gushed about exposing investors to “two key protocols driving innovation.” Meanwhile, Mysten Labs co-founder Adeniyi Abiodun declared this a “seminal moment” for Sui. Seminal, folks. That’s Latin for “big deal.” 🎉
Token Prices Go Brrr: DEEP and WAL Surge Like Nobody’s Business 💸
As if scripted by a Hollywood screenwriter, the launch coincided with token prices going absolutely bonkers. On August 12, WAL was trading around $0.43, up 7% in 24 hours. With a market cap of nearly $606 million and trading volumes of $28 million, it’s practically bathing in cash. Meanwhile, DEEP strutted onto the scene at $0.17, gaining over 12% in the same period, with a market cap of $583 million and daily volumes exceeding $42 million. Volatility? Check. Investor frenzy? Double check. 📈
From FTX Fallout to $50 Billion Valuation: Grayscale’s Comeback Tour 🎤
Let’s not forget Grayscale’s own drama saga. In 2023, the FTX collapse sent shockwaves through the company, forcing it to sell over $800 million in assets to recover. Its Bitcoin Trust, once the darling of institutional investors, languished at a discount for nearly a year. But oh, how the mighty rise again! By April 2024, equilibrium was restored, and now, in 2025, Grayscale is launching financial products faster than you can say “regulation.” 🚀
With the Story Trust debuting in July and these shiny new trusts making waves, Grayscale is poised to hit a $50 billion valuation. All this amid crypto-friendly regulations in the U.S.-because apparently, even regulators can’t resist the allure of blockchain glamour. ✨
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2025-08-13 04:27