DEEP Token Surges 26% After Binance Move and UpBit Listing: A Turning Point for Altcoin Traders?

The market experienced a chain reaction after Binance revealed an announcement positioning the cryptocurrency exchange as a market leader. On April 22, Binance launched the USD-margined perpetual contract for DeepBook (DEEP) tokens, which triggered a 30% price increase. This article examines the market factors behind the rally, its current market effects, and future trading conditions.

Binance Perpetual Contract Launches With Strong Momentum

Binance launched the DEEPUSDT perpetual contract on April 22, providing trading potential up to 50x the initial amount. This trader’s excitement caused the DEEP token to surge from $0.08707 to hit its 24-hour peak at $0.1827. Binance continues its mission for futures market development through new offerings that aim to increase platform participation.

Binance’s introduction of this trading option drives its market activity higher and enhances its reputation as a leading exchange in the cryptocurrency sector. Through its new contract, Binance provides trading access to experienced traders and new customers who can leverage copy trading features to enhance DEEP token market liquidity and volume.

DEEP Token Sees a Significant Price Surge

After Binance announced, the DEEP token’s trading volume surged by 1504%, reaching $304.7 million. Binance’s market influence becomes evident through this steep price rise of trading assets. The DEEP token had established itself at $0.1165 when this analysis was conducted following an intense price rise. 

Image 1- DeepBook Protocol, provided by Emmaculate, published on CoinMarketCap, April 22, 2025.

Market experts remain cautious about the future stability of the price trends because the market shows unpredictable shifts. Market conditions always influence the perpetual contract, so traders must monitor price changes that might affect the token’s upcoming performance.

Is Binance’s Influence Over Crypto Prices Growing Too Strong?

The recent platform update allows traders to seize earnings from the DEEP token. The availability of the perpetual contract, combined with high leverage and copy trading features, enables more traders to invest in trading. Market participants need to monitor Binance’s forthcoming statements and significant market indicators. The DEEP token price may show more movement in response to additional innovative Binance product releases, while traders must carefully monitor market volatility. Moreover, the recent Upbit listing triggered a rally in the price of the DeepBook protocol.

$DEEP token pumped 131% after the Upbit listing announcement.

Upbit listed the DEEP/KRW pair today.

How many of you hold #DEEP tokens? 👇 pic.twitter.com/wnlZzIIGKK

— Wise Advice (@wiseadvicesumit) April 22, 2025

The DEEP perpetual contract market offers traders high potential benefits and essential risk awareness. Trading with a maximum leverage ratio between 1:50 and 1:50 enables users to enhance their profits, but the potential risks increase proportionately. Beginners can leverage copy trading advantages, yet every trader must practice proper risk management methods because of the high volatility of crypto assets.

What’s Next For DeepBook?

The momentum created by Binance might transform into future integration possibilities for alternative tokens, showing an industry trend toward less popular cryptocurrencies. Typical traders must both follow market information and select their entry points carefully.

The recent Binance update shows clear evidence that the DeepBook (DEEP) token has received significant market attention. The recent strong price surge demonstrates that Binance possesses considerable power when steering cryptocurrency asset markets. Time alone will reveal if the market adjustments lead to lasting price increases.