Degen Prediction

About Degen (DEGEN)

DEGEN is a utility token on the Base network with a substantial holder base of nearly 1.2 million addresses, largely built through airdrops (612K recipients). Currently trading at $0.000733 with a market cap of $27.1M, the token shows healthy short-term momentum but faces concentration risks with top holders controlling 89% of supply. The token benefits from Base ecosystem positioning but lacks clear documentation about its utility or roadmap.

Current price: $0.000733

Market cap: $27.11M

Liquidity: $408.65K

Holders: 1.19M

Degen Price Prediction

DEGEN shows strong short-term momentum with an 8.7% gain over 24 hours and positive buy pressure at 54.9%. The token is consolidating after recent gains with minimal price movement in the last hour (+0.11%), suggesting accumulation rather than distribution at current levels.

Medium-term outlook remains uncertain due to the 7-day holder decline of 1,077 addresses (-0.091%) contrasting with positive 30-day growth of 2,439 holders (+0.21%). The high concentration among top holders (61% in top 10) creates distribution risk that could cap upside potential.