Degen

DEGEN started as a meme token but quickly became a symbol of internet-native communities, especially within platforms like Farcaster. Unlike traditional cryptocurrencies launched through formal ICOs or VC backing, DEGEN gained traction through social engagement, memes, and grassroots momentum. This represents a shift in how tokens gain value—not through institutional support, but through strong community identity and online presence. It highlights a growing trend where people rally around shared values, humor, and collective culture in the crypto space.