The cryptocurrency market saw a 42% surge in DEGEN, a meme-inspired token, following its listing on ByBit. Integrated into the decentralized network Farcaster, DEGEN has evolved into a formidable asset with the endorsement of Ethereum's Vitalik Buterin. Currently trading at $0.02, DEGEN's true potential amid the rise of decentralized social networks remains uncertain. However, its accessibility and iconic status in the crypto community contribute to its appeal for newcomers.