When you hear the name DegensTogether (DEGEN), you might think it’s just another crypto meme coin. And you’d be right - but not in the way most people assume. There’s confusion everywhere. Two different projects use the same ticker symbol. One is a tiny, community-driven experiment. The other is a growing ecosystem with real users and utility. If you’re looking at DEGEN on CoinGecko or Bybit and seeing wildly different prices, you’re not crazy. You’re seeing two different tokens masquerading as one.
What Exactly Is DegensTogether?
DegensTogether is a cryptocurrency project born from the raw, unfiltered side of crypto culture. It doesn’t have a whitepaper. No roadmap. No venture funding. No team announcements. Just a simple, blunt mission: "a community run project of degens trying to make it all back in one trade." That’s it. No fluff. No promises. Just a bet on chaos.
The token, DEGEN, runs on Ethereum as an ERC-20 token. Its contract address is 0xbe92b510007bd3ec0adb3d1fca338dd631e98de7. You can add it to MetaMask manually if you want to hold it. But don’t expect any official app, wallet integration, or exchange support beyond a few decentralized platforms like Uniswap V2.
Unlike Bitcoin or Ethereum, DegensTogether doesn’t solve a problem. It doesn’t improve payments, privacy, or scalability. It’s not built to be used. It’s built to be traded - aggressively, emotionally, recklessly. That’s why its community calls itself "degens" - slang for traders who go all-in on high-risk, low-liquidity assets hoping for a 100x or a total wipeout.
Why Is the Price All Over the Place?
Here’s where things get messy. Different exchanges show completely different prices for "DEGEN":
- CoinGecko: $0.051791
- Bybit: $0.00000123
- Holder.io: $0.0000026
- CoinMarketCap: $0.00 (delisted or no data)
That’s not a glitch. That’s because there are at least two DEGEN tokens. One is DegensTogether. The other is the Farcaster DEGEN token - a completely separate project with a different contract, different supply, and real utility. The naming collision is intentional chaos. It’s a meme. And it’s working.
On Uniswap V2, the DEGEN/WETH pair only sees $41.27 in trading volume over 24 hours. That’s less than what a single popular NFT collection makes in an hour. Low volume means prices swing wildly on tiny trades. One person buying 10 million tokens can spike the price 200%. Another selling the same amount can crash it. There’s no market depth. No institutional buyers. Just散户 (retail traders) gambling on a tweet.
How Is It Different From Farcaster’s DEGEN?
This is critical. If you’re researching DEGEN, you’re probably also seeing headlines about a token with a $166 million market cap, $278 million in daily volume, and a blockchain called Degen Chain. That’s not DegensTogether. That’s the Farcaster DEGEN token.
Created by Jacek Trociński - a former data engineer - the Farcaster DEGEN token powers a real ecosystem:
- Used for tipping creators on Warpcast (a Farcaster app)
- 10,000+ tokens = daily free tips that expire if unused
- 70% of supply airdropped to community members
- Backed by $150M in Series A funding from Paradigm
- Runs on Degen Chain, a Layer-3 Ethereum blockchain
It’s not a meme anymore. It’s infrastructure. DegensTogether has none of this. No tipping. No chain. No funding. No roadmap. Just a Twitter account and a contract address.
Is It Safe to Buy?
If you’re asking this question, you’re already in the wrong place.
There’s no security audit for DegensTogether. No team to hold accountable. No legal entity behind it. No customer support. If you send funds to the wrong contract - and you will, because the names are so similar - you lose everything. There’s no recovery.
And yet, people still trade it. Why? Because crypto’s oldest rule still holds: "The market can stay irrational longer than you can stay solvent." Some traders buy DEGEN not because they believe in it - but because they believe someone else will buy it for more.
It’s like buying a lottery ticket with no official rules. The prize might be real. Or it might not exist. Either way, you’re playing.
Who Is This For?
DegensTogether isn’t for investors. It’s not for long-term holders. It’s not for developers. It’s for one kind of person: the degens.
Those who:
- Trade on impulse
- Follow Twitter trends
- Believe in "one trade" narratives
- Don’t care about fundamentals
- See volatility as opportunity
If you’re the kind of person who bought Dogecoin because Elon tweeted it, or Shiba Inu because a Reddit thread went viral - then DegensTogether is your kind of coin. It’s the purest expression of crypto’s gambling side. No utility. No innovation. Just pure, unfiltered speculation.
The Bigger Picture
DegensTogether is a mirror. It reflects what crypto looks like when you strip away the hype, the VC money, the whitepapers, and the promises. What’s left? A token. A Twitter account. A community of people betting everything on a single, impossible trade.
It’s not going to change the world. It won’t power DeFi. It won’t replace banks. It won’t even survive a bear market. But it might make someone rich. Or it might make them broke. And that’s exactly the point.
For every Farcaster DEGEN that grows into something real, there are a hundred DegensTogether tokens fading into obscurity. Most of them die quietly. A few explode overnight. The cycle repeats. And if you’re looking for a project with a future - this isn’t it.
But if you’re looking for a gamble? You’ve found it.
Is DegensTogether (DEGEN) the same as the Farcaster DEGEN token?
No. They are two completely different tokens with the same ticker symbol. DegensTogether is a community-run project with no utility, no funding, and minimal trading volume. The Farcaster DEGEN token is backed by a $150M fund, powers a Layer-3 blockchain, and is used for tipping on Warpcast. They have different contract addresses and totally different use cases.
Where can I trade DegensTogether (DEGEN)?
DegensTogether is primarily traded on Uniswap V2 (Ethereum) as the DEGEN/WETH pair. It’s also listed on a few smaller exchanges like LBank and Bybit, but liquidity is extremely low. Trading volume is often under $100 per day, meaning prices can swing wildly on small trades. Avoid centralized exchanges unless you’re certain you’re trading the right token.
What’s the contract address for DegensTogether?
The official contract address for DegensTogether (DEGEN) is 0xbe92b510007bd3ec0adb3d1fca338dd631e98de7. Always double-check this before sending funds. Mistaking it for the Farcaster DEGEN contract (0x4e18f08164a85e4e7d5d7e2a3a5f3b8f1a8d9f1a) will result in permanent loss of funds.
Does DegensTogether have a whitepaper or roadmap?
No. DegensTogether has no whitepaper, no official documentation, and no public roadmap. The project is intentionally minimal - its entire identity is based on the idea of being a speculative meme with no pretense of structure. This lack of transparency is a major red flag for anyone seeking long-term value or security.
Can I use DegensTogether for anything besides trading?
No. Unlike the Farcaster DEGEN token, which lets users tip creators and access chain-based apps, DegensTogether has zero utility. You can’t stake it, spend it, earn from it, or use it in any app. It exists only as a speculative asset. If you’re looking for a token with real-world use, this isn’t it.
Is DegensTogether a good investment?
If by "investment" you mean buying something with a clear path to long-term value, then no. DegensTogether has no team, no funding, no utility, and no growth plan. It’s a pure gamble - like buying a lottery ticket with no published odds. Only trade it if you’re prepared to lose 100% of your money. Never invest more than you’re willing to burn.
5 Comments
Lauren Brookes
It’s wild how crypto keeps recycling the same energy-like a carnival where everyone’s chasing the same rigged game.
Somebody buys DEGEN because they saw a tweet. Someone else sells because they heard a rumor. No one actually knows what they’re holding.
It’s not investing. It’s performance art. And the audience is just as confused as the performers.
I’ve watched this dance for years. The same faces. The same hashtags. The same desperate hope that this time, it’ll be different.
It never is.
But hey-I still refresh CoinGecko every morning. Just to see if the numbers have flipped.
Maybe that’s the real utility: the ritual itself.
Chris Thomas
Let’s be brutally honest: DegensTogether isn’t a token-it’s a liquidity vacuum dressed in meme aesthetics.
The fact that anyone confuses it with Farcaster’s DEGEN proves the market’s collective cognitive decay.
ERC-20 doesn’t equal legitimacy. A contract address isn’t a business plan.
And calling it ‘community-driven’ is just corporate speak for ‘no one is accountable.’
You want utility? Go to Farcaster. They’ve got real engineering, real funding, real incentives.
This? This is crypto’s equivalent of a garage sale where the only thing for sale is delusion.
And yet, somehow, people still send ETH to it.
What’s next? Trading NFTs of vaporware?
Dominica Anderson
DEGEN? More like DE-GONE. Burn it.
Jennifer Riddalls
I get why people are drawn to this-there’s something almost poetic about betting everything on nothing.
It’s like staring into the void and saying, ‘I’ll throw a coin in anyway.’
Maybe we all need a little chaos in our lives.
Not to get rich.
But to feel alive.
There’s beauty in that, even if it’s messy.
And yeah, I know it’s risky.
But so is life.
And at least this? At least this is honest.
No fake whitepapers.
No VC spin.
Just a community of weirdos, betting on a tweet.
And honestly? I respect that more than half the ‘serious’ projects out there.
Kyle Tully
You know what’s funny? People act like DEGEN is some kind of secret.
It’s not.
It’s just the next step in crypto’s evolution from ‘digital gold’ to ‘digital crack.’
Same energy. Same drama. Same people.
They don’t care about tech.
They care about the rush.
And honestly? I don’t blame them.
The system’s rigged anyway.
Why play by the rules when the rules were made to keep you out?
So yeah.
I bought a little.
Not to win.
But to remind myself that I’m still here.
Still betting.
Still human.