#DEGEN Why has this coin dropped so sharply? Why has the team managed it so accurately? And they have taken many waves!
Degen (DEGEN) was initially a reward token for participants in the Farcaster Degen channel. It started as just a meme coin, but now it has a large following of developers, crypto content creators, and enthusiasts. In the early stages of its issuance, 15% of the total supply of Degen tokens was airdropped to active members of the Farcaster Degen channel, with plans to eventually airdrop 70% of the total supply.
🔥🔥🔥 The main reason is that there were a large number of addresses reducing their holdings before the airdrop, and the team detected that they started reducing their holdings a week ago. Many who received the alpha airdrop immediately cashed out, including many retail investors who also sold off immediately. How can it not drop?
This coin has been rising from the 15th to the 17th, but every time it goes up, it allows partners to short it. Many fans have made considerable gains but I won't go into details.
Stay close to Brother Ju, so you don't miss any opportunity to feast on big profits!!!!
