Quick and Dirty:
- Some tiny altcoin nobody bothered with suddenly became the crypto equivalent of a viral cat video.
- Binance and Upbit probably whispered sweet nothings to it, and boom—the price went nuts.
When Small Coins Play Big
If crypto were a classroom, DeepBook (DEEP) would be that kid who’s not even in the top 100 honor roll but somehow snatched the class clown trophy with a 22% price jump in one day. On April 22, it was chillin’ at a modest $0.09, probably sipping an iced latte, then BAM!—up to $0.16 faster than you can say “market cap.” Sadly, the excitement was short-lived, because like all good parties, it ended with a little hangover, settling back around $0.11.
What caused this impulsive behavior? Binance Futures debuted a new playground for DEEP: the DEEP/USDT perpetual contract with up to 50x leverage. Translation: You don’t need to own the coin to make wild bets on it, which, if history dictates, equals big fun (and potential tears) for traders.
Binance, ever the tease, made it clear that futures contracts don’t automatically mean the coin will get a shiny spot listing. So don’t go quitting your day job just yet.
Meanwhile, Upbit—the crypto equivalent of a K-pop idol’s fan club—added a DEEP/KRW pair, doubling down after their earlier flirting with DEEP/BTC and DEEP/KRW pairs. It’s like they’re saying, “Yes, we believe in this little underdog—now go make us proud!”
Been There, Mooned That
When the big exchanges cozy up to an altcoin, it’s like giving it a backstage pass: more liquidity, more eyes, and a reputation boost that even your LinkedIn profile would envy. Binance’s recent “Binance Alpha” scoop on Cat in a Dogs World (MEW)—yes, real token names are apparently a thing—gave that joke of a coin a 15% popularity bump.
Then there was the political meme coin TRUMP, which got a nice 10% spurt after Upbit tossed it some KRW, BTC, and USDT trading pairs. Proof that nothing in crypto escapes the weird intersection of internet memes and celebrity culture.
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2025-04-22 18:44