Binance Futures has announced the launch of the $DEGENUSDT perpetual contract, scheduled to go live on November 15, 2024, at 11:30 UTC. This new listing will allow traders to leverage their positions by up to 75x. Notably, Binance has yet to list $DEGEN for spot trading. Just In: Binance Futures will launch the DEGENUSDT Perpetual Contract at 2024-11-15 11:30 (UTC) with up to 75x leverage. Binance has not yet listed its spot trading pairs. Degen is a token on the Base chain, originally a reward token for participants in the Farcaster Degen… — Wu Blockchain (@WuBlockchain) November 15, 2024 $DEGEN

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In the past 24 hours, $DEGEN has experienced an impressive 89.2% surge, making it the top token accumulated by smart money investors. The number of active $DEGEN addresses nearly doubled over the last week, reflecting a substantial increase in on-chain activity, aligned with its recent price spike. The number of active $DEGEN addresses nearly doubled in the last week, highlighting a significant increase in on-chain activity alongside its recent price movement. pic.twitter.com/gOKZhCyL45 — IntoTheBlock (@intotheblock) October 2, 2024 This momentum follows $DEGEN’s debut on Coinbase’s spot trading platform yesterday. It marks the fourth token from the @base ecosystem to be

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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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Buterin said Ethereum layer 2s have become “the ultimate playing field for action” from institutional profit-oriented groups and people buying pictures of monkey NFTs.

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Farcaster, blockchain’s answer to traditional social media, raised $150 million in a Series A funding round led by Paradigm, sending a community token soaring.

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Recent data from the market intelligence platform intotheblock reveals a significant development in the memecoin market: both DOG and DEGEN have surpassed Dogecoin in terms of weekly active traders. This shift in dynamics signals a potential change in the landscape of memecoins, with DOG and DEGEN emerging as formidable contenders. The criteria for identifying active traders involves analyzing the number of addresses holding an asset for less than a month. This metric serves as a barometer for trader activity and is often indicative of bullish momentum in the market. For years, Dogecoin has reigned supreme in the memecoin arena, dominating

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