Amid the dismal murmurings of a crypto market that’s caught in a downward spiral — where most assets are as lively as a damp rag — one rogue player stands tall, gleaming like a beacon of absurdity. Enter Degen (DEGEN), the meme coin that defies every reasonable expectation. In the last 24 hours, it’s rocketed upwards by a staggering 76.42%, trading at the not-so-impressive $0.007891, yet somehow managing to pull a market cap of $111.9 million out of thin air.
But hold on to your hats, because here’s the real kicker: in just one day, trading volume hit $389 million — an increase of over 1100%. A number that would have been laughable if it weren’t so shockingly absurd. And for what? A coin barely clinging to its meme status? Surely this is madness!
And yet… there’s no clear explanation. Not a whisper of major news, no fresh listings, not a single influencer pumping it. Just pure, unbridled momentum. Some speculate that it’s a short squeeze. Others suggest it’s the whales testing the liquidity — like bullies in a playground. Whatever it is, the chart looks like a line out of an altitude test. And the community? They’re drinking the Kool-Aid and asking for seconds.
It’s a brutal reminder that in the crypto world, logic doesn’t always apply. Sometimes, a coin just flies. It’s as if the market itself has gone rogue, and the DEGEN crew? Well, they’re riding the chaos with grins plastered across their faces.
Meanwhile, the global crypto market limps downward, down 0.73% to $3.33 trillion. Bitcoin and Ethereum? Sinking like stones. Most tokens? Flat, dull, or bleeding out. But DEGEN? It’s alive, thriving — and making a whole lot of noise while doing so.
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2025-05-13 16:31