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 — trading volume is over $100M in the last 24 hours.
Key facts as of 01/14:
• Price: $0.24
• Market Cap: $5.3M
• FDV: $24M
• Circulating supply: 22.5%
• CoinGecko rank: ~#2100
• Listings: Binance Alpha, Bitget, Gate
• No delistings or new unlocks
What the team is doing:
• Staking + badges launched
• TGE badge claim is being prepared
• Focus on utility (staking, governance, rewards)
Risks:
• Low circulating supply → high volatility
• Reputational damage after the unsuccessful TGE
• FDV still seems inflated for an AI project without strong traction
Conclusion:
#$DN— 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
