DeepBook surges 23% after launching new prediction market platform Predict.

DeepBook (DEEP) saw a 23% price increase following the launch of its new prediction market platform, Predict, built on the Sui Network. Predict allows leveraged betting on any asset, driving a 976% surge in daily trading volume to over $60 million. Despite the rally, concerns remain as whales control nearly 70% of the token supply and have started taking profits, which may limit further short-term gains. The price faces resistance levels at $0.07 and $0.08, with a confirmed bullish reversal dependent on breaking key resistance points.