The $DEGEN token on the Base blockchain has been making headlines recently. Here are some key updates:

1. **Degen Chain Launch**: The $DEGEN token saw a significant surge after the launch of Degen Chain, a new layer-3 blockchain built on top of Base. The token's price increased by 500% since its release¹.

2. **Binance Futures Listing**: Binance introduced futures trading for $DEGEN on November 15, 2024, which led to a 50% price increase, pushing the token. This move has generated substantial trading volume and interest.

3. **Market Performance**: Over the past 30 days, $DEGEN has jumped by over 223%, reflecting a growing number of smart money holders³.

4. **Farcaster Funding**: The token also surged 17% following Farcaster's $150 million Series A funding round⁴.

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