DEGO Token Surges 6.79% After Volatile Sell-Off Amid New Liquidity Program and USD1 Addition

In the past 24 hours, DEGOUSDT experienced a 6.79% price increase, opening at 1.238 and currently trading at 1.322 on Binance. This rebound follows a period of extreme volatility triggered by DEGO Finance’s June 4 announcement of adding the USD1 stablecoin to its liquidity reserves and launching a new liquidity program on BNB Chain. The news initially caused significant uncertainty and was accompanied by a large-scale sell-off, resulting in a sharp price drop of over 48% and record liquidations. The heightened trading activity, with 24-hour volume reaching approximately $38 million and a market cap of about $29.2 million, reflects ongoing cautious sentiment as the market digests recent events and stabilizes near current price levels.