‎DeLorean (DMC) Listing and Early Price Dynamics

[MDDODO]

‎‎My attention has been drawn to the recent listing of DeLorean (DMC), the token associated with DeLorean Labs, positioned as the Web3 arm of the iconic DeLorean Motor Company. The project's stated objective involves leveraging the Sui blockchain to introduce concepts such as tokenized electric vehicles, on-chain car reservations, and the immutable storage of vehicle data. This represents an attempt to integrate an established industry with blockchain technology.
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‎The DMC/USDT perpetual futures trading pair has been made available on multiple platforms. Based on the provided schedule, deposits became active on June 24, 2025, at 10:00:00 (UTC+0), with trading commencing at 11:15:00 (UTC+0). Withdrawals are slated to open on June 26, 2025, at 11:00:00 (UTC+0).
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‎One of the platforms supporting the launch is BingX, where the listing has already drawn early trading interest.
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‎An initial review of the price action post listing indicates some volatility. Observing the DMC/USDT chart in recent hours, the following movements were noted
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‎DMC/USDT Price Movement (Recent Data Points):
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‎21:00 (UTC+0): Price observed at approximately $0.004330.
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‎20:00 (UTC+0): Price recorded around $0.005200.
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‎19:00 (UTC+0): Price at approximately $0.005864.
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‎Preliminary Market Observations

‎This pattern is consistent with what is sometimes referred to as a sell the news event in cryptocurrency markets. Such occurrences typically involve price increases in anticipation of a significant announcement or listing, followed by downward pressure as traders realize profits once the event materializes. The reported high trading volume, particularly over 95 million in the 20:00 UTC+0 hour, suggests active participation and liquidity during this initial phase of price discovery. BingX is one of several exchanges that have recently listed DMC, which may contribute to these early dynamics.
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‎Considering the broader implications of a heritage automotive brand venturing into Web3 with a dedicated token and the observed market behavior, what are your analytical perspectives on DMC's short to medium term price outlook? Furthermore, how do you evaluate the technical implementation and long term viability of projects that aim to tokenize physical assets on the Sui blockchain, particularly in light of current market conditions?
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‎Your objective analyses and insights are welcome.