Short-term volatility analysis of DEEP and WAL after their inclusion in the Coinbase Roadmap
Execution Summary
DEEP (DeepBook) and WAL (Walrus) were officially included in Coinbase's listing roadmap on February 2/3, 2026, but the market reaction exhibited a typical "buy the rumor, sell the fact" pattern . Both tokens experienced significant declines before and after the announcement, with DEEP falling by 30% and WAL by 25%, demonstrating a marked increase in short-term volatility.
Price fluctuation data analysis
DEEP Price Trend (January 1, 2026 - February 2, 2026)
Key volatility data :
- Price before announcement : $0.0385 (January 29)
- Current price : $0.027 (February 2nd)
- Cumulative decline : 30%
- Maximum single-day drop : 15.6% (January 30-31)
DEEP experienced a surge in early January, rising from $0.035 to a high of $0.057 (a 63% increase), but subsequently entered a downward trend. After the announcement of its inclusion in the Roadmap, the price fell instead of rising, indicating that the market had already priced in the positive news.
WAL Price Trend (January 1, 2026 - February 2, 2026)
Key volatility data :
- Price before announcement : $0.121 (January 29)
- Current price : $0.090 (February 2nd)
- Cumulative decline : 25%
- Significant single-day declines : 11.9% on January 30th, and 11% on February 1st.
WAL also exhibited a "good news is bad news" trend, falling continuously after the news was released.
Trading volume analysis
According to TokenTerminal data, WAL's recent trading volume has remained at the tens of millions of US dollars level .
- Recent 7-day average trading volume: approximately $10 million
- Highest single-day trading volume: $17.22 million (January 31)
- Lowest single-day trading volume: $6.75 million (January 24)
Key finding : Despite relatively high trading volume, prices continued to fall, indicating heavy selling pressure and that sellers dominated the market .
Volatility Comparison Analysis
| index | 30 days prior to the announcement (January) | Three days after the announcement (January 30 - February 2) | change |
|---|---|---|---|
| DEEP daily volatility | Approximately ±5-8% | ±15-20% | Increased by 2-3 times |
| WAL daily volatility | Approximately ±4-7% | ±10-12% | The severity has nearly doubled. |
| Market sentiment | Mild fluctuations | sharp drop | Clear shift |
Market Behavior Interpretation
This price movement conforms to the typical "buy the rumor, sell the news" pattern in the cryptocurrency market:
- Anticipation phase : Market rumors or speculation that Coinbase may list certain tokens.
- Price increase : Speculative funds positioned themselves in advance, pushing up prices.
- Official Announcement : Positive news has been priced in, and early investors are taking profits.
- Price decline : Selling pressure caused prices to fall.
risk assessment
Short-term risk (high)
- Increased volatility : Currently in a period of adjustment following the realization of positive news, volatility has increased significantly.
- Downward pressure : Technical analysis shows that both tokens are in a downtrend.
- Liquidity risk : Although trading volume is acceptable, persistent selling pressure may affect price stability.
Medium and long term outlook
Including a listing on Coinbase's roadmap is generally a medium- to long-term positive because:
- Increase project visibility and liquidity
- Attracting the attention of institutional investors
- Preparing for the final official launch
However, historical data shows that it usually takes 2-6 months from inclusion in the roadmap to official launch.
Investment advice
Short-term investors : Current volatility is high and the risk is significant; caution is advised, and stop-loss orders should be set. Long-term investors : Consider buying opportunities after pullbacks; the anticipated Coinbase listing remains valuable.
Key monitoring indicators :
- Can prices stabilize at current levels?
- Changes in trading volume
- Coinbase's official follow-up updates
in conclusion
The inclusion of DEEP and WAL in Coinbase's Roadmap did indeed lead to increased short-term volatility , with both tokens experiencing significant declines after the announcement, accumulating drops of 30% and 25% respectively. This trend aligns with the typical "buy the rumor, sell the fact" pattern in the cryptocurrency market. Investors are advised to closely monitor price stabilization signals and recognize that the transition from Roadmap to official launch typically takes several months, resulting in a high risk of short-term volatility.