degen

ARK Invest researcher Lorenzo Valente stated that after analyzing the contract-level data of Robinhood Chain, he believes that most of the trading activity on the chain may not be contributed by the newly introduced crypto users from Robinhood.Valente noted that the only wallet activity that can be clearly confirmed as coming from Robinhood users is the Swap transactions conducted by Robinhood Wallet through the 0x Settler contract, but this portion of transactions accounts for less than 1%; even if some unidentifiable long-tail transactions are included, the proportion of transactions related to Robinhood users may only be about 5%. The remaining trading activities mainly come from trading terminals like GMGN and OKX, which are basically consistent with the Degen trading behavior of these platforms on other public chains.Valente concluded that the current situation presented by Robinhood Chain resembles "the same group of Degen, just on a new chain." Robinhood Chain itself is an open, permissionless Layer 2 network, and any EVM-compatible wallets and applications can connect, so on-chain trading activity does not necessarily equate to new users from Robinhood.

According to Arkham data, at 00:38, 27,900 SOL (worth approximately $2.5 million) was transferred from an anonymous address (starting with GN9CFx...) to degen-retard.sol. Subsequently, that address transferred all the SOL to another address (starting with JAiC8R...).

According to Arkham data, at 01:26, 74,500 SOL (worth approximately $5.9 million) was transferred from degen-retard.sol to an anonymous address (starting with JAiC8Rf5...).

According to Lookonchain monitoring, the trader degen-retard.sol (degen...l.sol) has once again incurred losses exceeding $3.6 million in SOL trading. About two weeks ago, this address purchased 100,000 SOL at a price of approximately $124, totaling $12.4 million, and staked them.6 hours ago, this address sold this batch of SOL. Previously, this address had already accumulated losses of over $6.6 million on SOL.

OKX will delist the DEGENUSDT and CETUSUSDT perpetual contracts on December 26, 2025, at 16:00. When the contracts are delisted, trading for these contracts will be halted, all user orders will be canceled, and the arithmetic average of the OKX index one hour before delisting will be used as the settlement price. After the contracts are delisted, users with a position value greater than $10,000 will be restricted from transferring any assets in their trading accounts, and normal operations will resume after 30 minutes.

According to The Information, enterprise software company ClickUp has announced the acquisition of AI programming startup Codegen. This deal is the latest example in this year's wave of mergers and acquisitions in the AI programming field.This summer, Google's acquisition of Windsurf and Cognition attracted widespread attention, while this month, Anthropic acquired development tools startup Bun, and Cursor acquired code review startup Graphite.

OKX will stop the borrowing feature for DEGEN/USDT and CETUS/USDT on December 18, 2025, at 15:00, and will suspend leveraged trading and spot borrowing services for the related trading pairs from December 23, 2025, 14:00 to 16:00. Please ensure to repay your borrowed assets in a timely manner before the service is offline to avoid triggering the system's forced repayment.

According to Bloomberg analyst Eric Balchunas, VanEck will launch the Degen Economy ETF, focusing on areas such as digital gaming and prediction markets. This ETF is a spin-off from a previous gaming ETF, which was forced to adjust due to poor performance. Eric Balchunas noted that this represents the growing presence of the "gambling" community in the economic sphere.

FightManiaDUBAI announces that it will hold a wrestling-themed offline event at the Cuban Boxing Club in Dubai on December 4, 2025, from 20:00 to 24:00, featuring UFC fighter Song Yadong alongside KOLs Orangie and Jakey. The event will include KOL friendly wrestling matches, WWE-style performances, and a Degen interactive prediction segment. Song Yadong will conduct face-to-face combat training on-site, with KOL EnHeng participating as a special guest. After the event, a social party will be held to provide a communication platform for the Degen community. This event will replace the traditional cryptocurrency conference format, focusing on offline experiences and community interaction.

ChainCatcher news, the DEGEN Foundation is exploring the possibility of a phased burn of its 32.5% share of the total supply of DEGEN tokens to address token dilution issues and inflation concerns, and is seeking community feedback. The foundation stated that it will prioritize long-term sustainability over future large-scale airdrops.

ChainCatcher news, according to dynamic data from RootData X, in the past 24 hours:The ZORA token launch platform ZEME has attracted attention from Rainbow co-founder Mike Demarais, daos.world founder AzFlin, and others.The Solana smart wallet Fuse has garnered interest from Nansen CEO Alex Svanevik, Fuel co-founder and CEO Nick Dodson, Opensea CTO Chris Maddern, and others.The Web3 game studio [Proof of Play](https://www.rootdata.com/zh/Projects/detail/Proof of Play?k=OTA0OQ== "Web3 game studio") has caught the attention of MetaLeX founder Gabriel Shapiro.The MMORPG adventure game Spellborne has attracted the interest of Abstract contributor cygaar.The decentralized perpetual contract trading platform Dexari has garnered attention from SoSoValue co-founder Jiva Kwan, NFT collector Gmoney, and others.

ChainCatcher news, according to official sources, Aevo has announced the launch of the US stock trading platform Aevo Degen, which supports 1000x leverage trading. It now supports going long or short on the following stocks: Coinbase (COIN), Robinhood App (HOOD), Circle (CRCL). More trading pairs will be available soon.Aevo Degen is an intraday market, trading only during US stock market hours, and all positions will be automatically closed at the end of each trading day.

ChainCatcher news, according to market data from RootData, the Degen Spartan AI token (DEGENAI) has increased by 478.33% in the last 24 hours, currently priced at $0.01263.According to the Web3 asset data platform RootData, Degen Spartan AI is a meme coin created by ai16z DAO, representing some views of the fallen Spartans.

ChainCatcher message, Degen clarified in a post on platform X: The foundation has been using part of its funds to issue call options and generate income, with these options set well below out-of-the-money levels and only becoming effective if DEGEN rises. If DEGEN rises, some options may convert to USDC, which is a way to extend runway and maintain self-funding, with a nominal issuance of about 3 million dollars at this stage, but this will change every month.The Binance Alpha airdrop and some liquidity pool activities come from the Airdrop 3 pool, and the tokenomics page will be updated soon. Airdrops have been reduced over the past few months, and fee subsidies will also be terminated after the Degen App goes live. However, some venture capital firms are trying to trade off-market at a discount and then buy and sell in the market; Degen has no collaboration with these firms and has not provided any support.

ChainCatcher message, Degen posted on platform X stating that if developers are developing mini-programs for Farcaster, they will find that DEGEN has become the default token. This choice was made because DEGEN is more appealing to community users compared to USDC or WETH.In addition, Degen also disclosed that last year it airdropped DEGEN tokens worth over 100 million dollars to Farcaster users and will continue to expand support in the future.

ChainCatcher news, Bitget Onchain trading has launched MEME tokens VELO, DEGEN, ZRC, F, TAIKO, ROAM, and ULTI on BNB Smart Chain and Base ecosystem. Users can start trading in the on-chain trading section.Bitget Onchain trading aims to seamlessly connect CEX and DEX, providing users with a more convenient, efficient, and secure on-chain trading experience. Users can directly use their Bitget spot account (USDT/USDC) to trade popular on-chain assets. Currently, it supports popular public chains such as Solana (SOL), BNB Smart Chain (BSC), and Base.

According to ChainCatcher news, Binance Alpha has launched Degen (DEGEN). Eligible users with at least 245 Binance Alpha points can claim an airdrop of 13,862 DEGEN tokens on the Alpha event page starting from June 14, 2025, at 15:00.Claiming the DEGEN airdrop will consume 15 Binance Alpha points, and users must complete the operation within 24 hours after the claim opens.

ChainCatcher news, according to the official announcement, Huobi HTX has launched the DEGEN/USDT perpetual contract on May 14, with a maximum leverage of 10 times. At the same time, Huobi HTX will hold a DEGEN contract trading party from May 14, 15:00 to May 21, 15:00 (UTC+8), with a total prize pool of up to $10,000.During the event, users who complete registration and participate in DEGEN/USDT contract trading with a cumulative effective trading volume ≥10,000 USDT will be able to share the prize pool based on their trading volume ranking; new users of the contract who complete DEGEN/USDT contract trading will also receive exclusive benefits.

ChainCatcher news, according to OKX market data, DEGEN briefly broke through 0.008 USD, with a 24-hour increase of over 70%.