The DEEP token associated with the DeepBook Protocol saw a surge of over 20% in price today following its listing on South Korea’s Upbit exchange. This surge reflects a common phenomenon within the crypto market where listings from major exchanges can trigger substantial price movements. 21.3% and 36.34% respectively, DEEP has seen impressive gains over the past day and week. With a market cap of $340.76 million, placing it as the top 131th cryptocurrency on CoinMarketCap data, the token’s trading volume saw a substantial increase of 1,521%, indicating heightened investor interest. The price surge is primarily attributed to Upbit listing announcement and the resulting high market liquidity seen in the DEEP token. Binance has also listed the DEEP token on its platform, offering users both spot trading and perpetual contract trading via their futures platform. While the hype surrounding the Upbit listing played a role in this surge, DeepBook Protocol’s strong fundamentals are also contributing to the positive price trend. Based on the Sui blockchain, DeepBook’s DeFi project offers features such as flash loans, parallel execution, and simplified trading experiences. Its native DEEP token has been experiencing momentum, driven by both market hype and the platform’s impressive technical advantages.