While the broader cryptocurrency market grapples with a sideways to negative trend, DEGEN (DEGEN), a meme coin originating from Farcaster, has defied expectations. This token witnessed an extraordinary surge of 76.42% in the last 24 hours, now trading at $0.007891, with its market capitalization skyrocketing to $111.9 million. CoinMarketCap reports a staggering $389 million in trading volume within a single day – a 1100% increase. This surge is unprecedented for a coin still nestled firmly in the meme category. While no major news events or influencer activity has been identified as a catalyst, the token’s price momentum is undeniable. Some speculate about a short squeeze or whale-driven liquidity tests, but ultimately, DEGEN’s chart reveals a dramatic upward trend fueled by community enthusiasm. This unexpected price action reminds us that in crypto, not every rally can be easily explained. Some movements are driven solely by market forces.