Degen DEGEN

What DEGEN actually is on-chain

Degen is an ERC-20 deployed on Base, at contract address 0x4ed4e862860bed51a9570b96d89af5e1b0efefed. That address, not the ticker DEGEN, is what uniquely identifies this asset: anyone can deploy a second token calling itself DEGEN, but the contract is unforgeable. Verify it against basescan.org before sending funds or approving a spend.

Because it lives on Base, DEGEN is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in DEGEN itself, and secondary liquidity sits in Aerodrome and Uniswap pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

2 other assets tracked on this site also use the ticker DEGEN: Degenerate (Solana, 6ztpBm…Ce7f); Degen Arena (Ethereum, 0x4206…1969). The asset on this page is specifically the Base deployment at 0x4ed4…efed. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For DEGEN the project publishes a public source repository and an active account as @degentokenbase. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where DEGEN sits in the market

Degen sits at #795, inside the top of the small-cap band. Depth here is shallow enough that one large order walks the book several percent and the print mean-reverts within the same session — which is why a single fixed price level is a fragile trigger, and a condition that tolerates one wick is the more useful construction. Listings are concentrated across a small number of venues, so volume-driven delisting is an active risk here rather than a hypothetical one.

CryptoPingAi is currently streaming 3 live DEGEN order books (OKX, Gate.io, HTX). That is coverage in line with a #795 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. None of the books we see for DEGEN are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

DEGEN against its all-time high

DEGEN is down more than 95% from its $0.0645 peak (on 2024-03-31), leaving a 74.4x gap to reclaim. A drawdown this deep strips the record of analytical use: the supply structure, the holder base and usually the market cycle behind that print no longer exist. For DEGEN the informative reference is the downside, which makes the range section below more relevant than this one. That high was set 3 years ago, recently enough that it still anchors how most current holders frame the asset.

DEGEN across its historical range

DEGEN has traded across a 2,862x range, between $0.00002255 and $0.0645. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

Spot is about 38.5x above the all-time low of $0.00002255 (on 2024-01-15) — a substantial recovery, but one where a meaningful share of the holder base still has a cost basis within the visible range rather than far beneath it.

DEGEN supply and valuation data

Degen sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for DEGEN but not an audited token count. What we do have is a fully diluted valuation of $28.0 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

That valuation is a point-in-time snapshot, not a live figure, so we deliberately avoid dividing it back into a token count — the price has moved since, and the arithmetic would yield a precise-looking supply number that is simply wrong. Read the current supply from the project's own explorer before relying on any per-token valuation. The authoritative figure is the one basescan.org reports for this contract.

What kind of asset DEGEN is

Degen is a meme asset. There is no cash flow, no fee capture and no fundamental anchor to value it against, which is a description rather than a criticism — it means the price is set entirely by attention and reflexive flow. In practice, volume moves first and price follows, so a volume spike is the leading signal for this class while an oscillator reading is a lagging one. Moves are larger, faster and mean-revert harder than in assets with a revenue story.

CoinGecko files DEGEN under 8 categories, including Meme, Base Ecosystem, Layer 3 (L3), Base Meme, Farcaster Ecosystem. CoinGecko also records deployments on Base (1,487 tracked tokens), so its on-chain liquidity and its user base move with that network. Worth flagging from the metadata: DEGEN has been featured in Binance Alpha Spotlight.

How to set a Degen alert that is worth receiving

Degen is the ERC-20 at 0x4ed4…efed on Base — quoted on 3 venues we stream — high dated 2024-03-31 — rank #795. On this profile the condition that carries signal is a volume-surge condition on the 1-hour or 4-hour candle paired with a wide price threshold.

Full alert-design method: thresholds, RSI/MACD and volume conditions →