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DeepNode AI flags liquidity depth (order book buy/sell volume) issues with DN market makers

DeepNode stated its technical team confirmed no security flaws while addressing liquidity depth problems that led to DN token’s sharp price drop.

Summary

DeepNode AI reported liquidity depth issues involving DN market makers but affirmed its technical team found no security vulnerabilities. Despite this assurance, the DN token fell over 80% in 24 hours to $0.2798. The company is collaborating with market makers to address the problem.

Terms & Concepts
  • Liquidity depth: The amount of buy and sell orders near the current price in an order book, influencing execution quality and slippage.
  • Market maker: A trading firm that continuously quotes buy and sell prices to provide liquidity and facilitate smoother trading.
  • Order book: A real-time list of buy and sell orders for a trading pair on an exchange, organized by price levels.