While most of the crypto market is moving sideways — or worse — 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 — up over 1100%. That’s not normal for a token that’s barely out of the meme category.
And yet… no clear reason behind the pump.
There’s no major news, no new listings, no influencer posts going viral. Just raw momentum. Some are calling it a short squeeze, others think it’s whales testing liquidity. Either way, Degen’s chart is vertical, and the community is loving it.
It’s 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 — and doing it loudly.
Also Read: Crypto Price Today (May 13, 2025): Ethereum, BNB Drop while XRP Surges 3%; Dogecoin Dips 8%
