Degen token is quite an interesting phenomenon in the cryptocurrency space. Initially, it started as a meme coin, specifically a reward token for participants in the Farcaster Degen channel ¹. However, it has since gained a substantial following among developers, crypto content creators, and enthusiasts who've bought into the coin.

*Key Features:*

- _Market Capitalization_: $94 million ¹
- _Circulating Supply_: 14.18 billion DEGEN coins ¹
- _Total Supply_: 36.97 billion DEGEN coins ¹
- _Price_: $0.006633 USD ¹

Degen token also has a unique aspect to it - 15% of the total supply was airdropped to active members of Farcaster's Degen channel, with plans to airdrop 70% of the token's total supply.

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