543k+ now, another big spike. juicy tip to whoever can tell me what is driving the token spread. looked over it yesterday and didn't see any smoking guns. did happen to notice some new vesting contracts and a new multisig from degen core tho 🥃

1. Coinbase's Base Blockchain Launch: $DEGEN has gained significant attention as it is launched on Coinbase's Base blockchain, a layer-2 scaling solution designed to make Ethereum transactions cheaper and faster. This has driven user interest and adoption.

2. Successful Airdrops and Incentives: The ongoing airdrop campaign has distributed a substantial amount of DEGEN tokens to active community members, incentivizing new users to join and existing holders to increase their stakes.

3. Market Performance and Hype: The DEGEN token has seen substantial price increases recently, drawing in new investors looking to capitalize on its growth. The token's price has surged by over 210% in a week, and its market cap has increased significantly.

4. Whale Investments: Notable investments by crypto whales have also boosted confidence in the token. For instance, a large holder recently purchased a significant amount of DEGEN, further driving up its value and attracting more retail investors.

Investor, Trader, & Market analyst 📈

Obsessed in crypto, NFTs & web3👾
Degentleman🎩

 /smellcheckmate 🌐

IMO as a layer 3, degen need more ecosystem to make price more stable.