DEGEN has recently achieved an impressive ranking, securing the #2 spot across various on-chain metrics for memecoins. This includes trader numbers and transaction counts, placing DEGEN just behind the renowned Dogecoin (DOGE). This is particularly noteworthy given DEGEN’s market cap stands at a mere 0.79% of Dogecoin’s. Despite this achievement, DEGEN has seen a significant decline in value. Over the past 24 hours, its value has dropped by 11%, contributing to a total decrease of 27% over the last seven days. On-chain data reveals that Whale 0x7be offloaded all 40.21 million DEGEN tokens, worth approximately $429,000, in exchange for 122.8
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