Give me a detailed analysis of $degen token

Detailed Analysis of $DEGEN Token

Token Overview:

• Name: Degen (Base)
• Symbol: DEGEN
• Current Price: $0.0113
• Market Cap: $139.28M
• Fully Diluted Valuation: $412.50M
• Circulating Supply: 12.48B DEGEN
• Total Supply: 36.97B DEGEN
• Max Supply: 36.97B DEGEN
• Price Change (24h): +15.02%
• Price Change (7d): -22.21%
• Market Cap Change (7d): -22.02%
• Volume Change (7d): -15.52%
• Sentiment Change (7d): -1.15%
• Current Sentiment: 87%
• Current Volatility: 0.1373

Description: Degen (DEGEN) started as a reward token for participants in the Farcaster Degen channel. Initially a meme coin, it now has a substantial following of developers, crypto content creators, and enthusiasts. During its initial launch, 15% of the total supply was airdropped to active members of the Farcaster's Degen channel, with plans to airdrop 70% of the total supply eventually.

Recent Social Media Highlights:

• Farcaster Airdrop(s) Confirmed by DefiWimar: $DEGEN airdrop worth $7,570.
• New Listing Alert! by UpholdInc: $DEGEN is now live on Uphold.
• Uphold Listing Announcement by degentokenbase: First-ever U.S. listing.
• Price Drop by notfrydoteth: $DEGEN down 60% in 2 weeks.
• Partnership with Decent by sphereone_: Enhancing cross-chain swaps and bridges.

Recent News Highlights:

• Base meme coins surge by Crypto Briefing: DEGEN among top performers.
• WOO X Lists $BENJI by Yahoo Finance: DEGEN listed on WOO X.
• DEGEN ranks 2nd behind DOGE by Crypto News: Strong traction in on-chain metrics.

Useful Links:

• Homepage
• Blockchain Site
• Official Forum
• Twitter
• GitHub

Historical Data (7d):

• Price Change: -$0.0031
• Market Cap Change: -$39.32M
• Volume Change: -$6.92M

Sentiment Analysis:

• Positive Sentiment: 87%
• Volatility: 0.1373

Conclusion: Degen (DEGEN) has shown significant volatility over the past week, with a notable price drop but a recent positive sentiment surge. The token's listing on Uphold and its strong community support are positive indicators, though the recent price drop highlights the inherent risks.

Trade Pair: DEGENUSDT Chain: Base Contract: 0x4ed4e862860bed51a9570b96d89af5e1b0efefed