DEGEN — price, funding and open interest
DEGEN/USDT perpetual on Coinbase · Kraken: price 0.0009900, 24h turnover $20K. Updated in real time.
What this is
Meme coinDegen grew out of tipping on the Farcaster social network: users handed the token to each other for good posts, and out of that habit came a whole economy with games, opinion markets and its own apps. It is a rare meme that had a genuine daily function rather than just a picture. What this shows: a tie to one social network cuts both ways — rising activity lifts the token, a decline drags it down; the coin sits well below its all-time high with a market cap around thirty-six million. Here it trades on BingX spot.
Chart
Chart built from data of Coinbase
DEGEN unlocks
No unlock schedule: the whole supply is already in circulation (100 % per CoinGecko).
Net issuance will appear once our supply ledger covers 30 days.
Supply figures are from CoinGecko, updated once a day. We do not take unlock schedules from trackers.
What the data shows
DEGEN trades at 0.0009900. Over 365 days it ranged between 0.0006050 and 0.004019; the price now sits in the lower third of that range — 12% of the way from the yearly low to the high.
All-time high is 0.066141 (March 2024); the price is 99% below it now.
The daily range is 1.2% and five-minute NATR is 0.29%. That range is at percentile 1 for the year — a noticeably calmer day than usual.
Over the day -0.20%, over the hour -0.90%, over the last five minutes -0.40% — the move has only just started.
NATR is 0.28% on the minute and 0.51% on the hour — price grinds: the hourly range is barely wider than the minute one.
24-hour turnover is $20K — percentile 39 for the year: a normal level of activity for it.
DEGEN correlation with Bitcoin over 24 hours is 0.04 — it goes its own way, barely looking at Bitcoin.
Traded on 2 venues: Coinbase, Kraken — the price is cross-checked across several sources.
By turnover it ranks 1773 of 2073 instruments in the screener.
By daily range it ranks 1488 of 2073.
Built from current numbers and the coin's own year of history. Updates with the data.
How DEGEN behaved before
Tracked since March 2024 — 31 full month, and falling ones prevail: 18 of 31. Median month -5.4%.
Best month — March 2024: +2337.4%. Worst — April 2024: -66.3%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
KairoRight now DEGEN is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — meme coin. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.