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.

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.

Memecoin On Base, $DEGEN

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.

This recent spike in $DEGEN’s price, alongside the contrasting decline of $IO, highlights how the memecoin frenzy in this cycle is reaching new heights, with hype playing a major role in driving market behavior.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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