DeepNode ($DN ): what happens after -82% dump
DN dropped from ~$$DN .1.40 to $0.24, losing around $26M in market cap, and is now stabilizing at these levels. Despite the drop, interest in the token remains โ trading volume is over $100M in the last 24 hours.
Key facts as of 01/14:
โข Price: $0.24
โข Market Cap: $5.3M
โข FDV: $24M
โข Circulating supply: 22.5%
โข CoinGecko rank: ~#2100
โข Listings: Binance Alpha, Bitget, Gate
โข No delistings or new unlocks
What the team is doing:
โข Staking + badges launched
โข TGE badge claim is being prepared
โข Focus on utility (staking, governance, rewards)
Risks:
โข Low circulating supply โ high volatility
โข Reputational damage after the unsuccessful TGE
โข FDV still seems inflated for an AI project without strong traction
Conclusion:
#$DNโ is a high-risk/high-volatility asset. A technical rebound is possible due to activity and staking, but risks remain high. Suitable only for traders, not for holding without a plan.
#DeepNode #DN #BinanceCreator #Crypto #Altcoin