While most of the crypto market is moving sideways â or worse â Degen (#DEGEN ) is doing its own thing. The Farcaster-born meme coin is up a wild 76.42% in the last 24 hours, now trading at $0.007891, with its market cap jumping to $111.9 million.
Even crazier? $389 million in trading volume in a single day â up over 1100%. Thatâs not normal for a token thatâs barely out of the meme category.
And yet⊠no clear reason behind the pump.
Thereâs no major news, no new listings, no influencer posts going viral. Just raw momentum. Some are calling it a short squeeze, others think itâs whales testing liquidity. Either way, Degenâs chart is vertical, and the community is loving it.
Itâs a reminder that in crypto, not every rally has a reason. Sometimes, it just runs.
Meanwhile, the global crypto market is down 0.73% to $3.33 trillion, with Bitcoin and Ethereum also in the red. Most tokens are flat or bleeding. DEGEN is one of the few showing signs of life â and doing it loudly.
