Degen is up 223% in 30 days as Base Blockchain DEX volume surges

Degen, a popular meme coin on the Base Blockchain, has experienced a significant rebound, making it one of the best-performing cryptocurrencies in recent weeks.

In the last 30 days, Degen (Base) has surged by over 223%, and from its lowest point this year, the token has gained an impressive 335%. According to data from Nansen, this rally has been accompanied by an increase in smart money holders, with 67 holders recorded, the highest since June 19 and a notable rise from the September low of 45 holders.

This rebound also comes ahead of Degen’s listing on Coinbase, scheduled for October 15. Given that Coinbase is the largest cryptocurrency exchange in the United States, such listings often result in a surge of investor interest, with many altcoins historically seeing a rally in the lead-up to their debut on the platform.

Overall, Degen has been riding a wave of growing momentum, benefiting from increased smart money interest and the highly anticipated Coinbase listing, making it a meme coin to watch in the coming weeks.

Degen, the popular meme coin on the Base Blockchain, has continued its impressive run with several key developments propelling its growth.

The listing on Coinbase, scheduled for October 15, follows a strategic partnership with PancakeSwap, the largest decentralized exchange (DEX) on the Binance Smart Chain. This partnership has led to the launch of the DEGEN-ETH liquidity pool, further increasing the token’s visibility and liquidity across decentralized markets.

In addition to Coinbase, Degen has already been listed on some of the major exchanges in the industry, including Gate.io, OKX, Bybit, and HTX. Trading volume for Degen is primarily happening on Uniswap, Aerodrome, and OKX, and with the upcoming Coinbase listing, there are strong expectations that Degen may also get listed on Binance in the near future.

The timing of Degen’s surge aligns with a broader increase in Base Blockchain activity. Data from DeFi Llama shows that Base handled over $5.69 billion in trading volume in the last seven days, positioning it as the third-largest blockchain by decentralized exchange (DEX) volume, after Ethereum and Solana. Base has surpassed larger networks like BNB Chain, Arbitrum, and Sui in terms of DEX activity.

Degen’s rally is taking place in a high-volume environment. According to CoinGecko, the token’s 24-hour trading volume recently reached over $43 million, marking its highest level since October 11.

In addition to Degen, other Base Blockchain meme coins have seen significant surges as well. Brett has risen by 20% over the last week, while Keyboard Cat and mfercoin have both soared by over 30% during the same period, further adding to the momentum around Base Blockchain-native assets.

With its Coinbase listing, strategic partnerships, and strong market activity, Degen is continuing to gain traction and looks set to remain one of the hottest meme coins in the market.

Degen price has formed a rounded bottom

Degen bottomed at $0.0022 in August and has been steadily rising since. It is now at $0.012, its highest point in over three months. The token has surpassed the 50-day moving average and formed a rounded bottom, a bullish pattern. The next resistance is $0.02555, about 148% higher than the current price. If it breaks this level, the uptrend could continue.