Degen

<p>The community-created token Degen (DEGEN) surged by 17% in 24 hours following Farcaster’s announcement of <a href="https://www.cryptotimes.io/2024/05/22/farcaster-secures-150m-fundraising-with-leading-investors/" target="_blank" rel="noreferrer noopener">securing $150 million</a> in its latest Series A funding round – led by Paradigm with contributions from Andreessen Horowitz, Haun, USV, Variant, and Standard Crypto.</p> 
<p>DEGEN, a token created by the Farcaster community and not officially part of the protocol, surged by 17% within 24 hours of the announcement and is now trading at $0.0225, according to CoinMarketCap.</p> 
<p>DEGEN’s 24-hour trading volume surged a dazing 77%, currently standing at $64.09 million with the market capitalization standing at $314.51 million.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/vDiMdPBzCWkAJ6iUPrnmNXZT3a6ESzO3wtLRJgtFuMfwECUP9Tv6fg0AVNnjHcMP8LTYQnlg80v79goLyRSFpoXYio6fDAVz-Mb7CkbNlI7Hbo6h4DIgxbvcDEJ0kipMM9GKE4nHQdYlh4HY6njJrV0" alt="Degen token’s pump in 24 hours">
  <figcaption class="wp-element-caption">
   Image Source: CoinMarketCap (Degen token’s pump in 24 hours)
  </figcaption>
 </figure>
</div> 
<p>In an X (formerly Twitter) post on May 21, Dan Romero, the founder of Farcaster, confirmed that the funds would support Farcaster’s development for many years to come.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Excited to share the news about our recent fundraise! <a href="https://t.co/KJxuPJrtqg" target="_blank">pic.twitter.com/KJxuPJrtqg</a></p>— Dan Romero (@dwr) <a href="https://twitter.com/dwr/status/1792948611585831302?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 21, 2024</a>
  </blockquote> 
 </div>
</figure> 
<p>Romero mentioned that the raised funds would help attract more users to the protocol. He noted that since October, Farcaster had seen “350,000 paid sign-ups and a 50x increase in network activity.”</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/05/15/degen-chain-2-day-halt-ends-with-scheduled-resynchronisation/" target="_blank" rel="noreferrer noopener">Degen Chain 2-Day Halt Ends with Scheduled Resynchronization</a></p> 
</blockquote>

Degen Token Surges 17% Following Farcaster’s $150M Raise

The Crypto Times

2024년 5월 22일에 게재된 다른 기사

Binance Removes Trading Pairs

Best Cryptocurrencies to Invest in Right Now May 22 – Litecoin, Hedera, Kaspa

Trump Embraces Crypto: Campaign Now Accepts Bitcoin, Dogecoin for Donations

Nvidia (NVDA) Set To Disclose Their Earnings Today: Expected To Report Approximately $25 Billion ...

No Slowing Down On Borroe Finance ($ROE), Expert Predicts 50x Rally Ahead Of Ethena And Avalanche

Dogecoin Eyes $0.2 Milestone: Analyst Predicts Bullish Breakout

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!