Degens Embrace the Memechains
Meme infrastructure is taking off on Base with DEGEN's latest launch.
Culture, Catalysts & Coinbase. Memecoin DEGEN roared to life last month as Base Season accelerated, with holders bagging 4,000% returns during March. What catalysts propelled DEGEN to a unicorn valuation, and can this coin continue to run?
Hindsight is always 20/20, but DEGEN appears to have been one of the most painfully obvious plays to capitalize on two of crypto’s hautest narratives: memecoins and Base.
Early adopters of Farcaster received the DEGEN drop on Base, and the launch of tipping solidified the token’s status as the Web3 social application’s primary memecoin back in February, making it the best asset to purchase for upside exposure to Farcaster.
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Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
