$DEGEN Surges 89.2% In 24 Hours, Dominating Smart Money Accumulation

In the past 24 hours, $DEGEN has experienced an impressive 89.2% surge, making it the top token accumulated by smart money investors.

The number of active $DEGEN addresses nearly doubled over the last week, reflecting a substantial increase in on-chain activity, aligned with its recent price spike.

The number of active $DEGEN addresses nearly doubled in the last week, highlighting a significant increase in on-chain activity alongside its recent price movement. pic.twitter.com/gOKZhCyL45

— IntoTheBlock (@intotheblock) October 2, 2024

This momentum follows $DEGEN’s debut on Coinbase’s spot trading platform yesterday. It marks the fourth token from the @base ecosystem to be listed on Coinbase, joining $WELL, $AERO, and $SEAM. Uniquely, $DEGEN is the first token from @base available on both spot and perpetual trading.

The community’s strong backing is evident, with nearly 800 million $DEGEN tokens, worth approximately $3.6 million, locked in the vault. Key supporters like @jessepollak and @Tyler_Did_It, among others, have played crucial roles in this surge of interest.

$DEGEN surged +89.2% in 24 Hours! Now Tops Accumulated by Smart Money!

Yesterday, $DEGEN went live on Coinbase Spot trading, as the 4th @base token, joining $WELL, $AERO, and $SEAM! It is also the first @base token available on both spot and perpetual trading.

This surge… pic.twitter.com/zwmtT6QsUB

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) October 2, 2024

For those unfamiliar, $DEGEN is a memecoin on Base, similar to $BRETT, gaining significant traction in recent weeks. Adding to the excitement, Coinbase revealed that $DEGEN has been added to its listing roadmap. However, in a surprising twist, the platform also announced that $IO would be added to the roadmap, but $IO saw a 15% price drop following the news.

$DEGEN is up 150% in a single day.
 
It's a memecoin on Base similar to $BRETT.
 
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