8 addresses currently hold 1.29 billion DEGEN, accounting for 10.3% of the circulating supply.
According to Spot On Chain monitoring, 8 addresses in the top 20 wallets holding DEGEN now hold 1.29 billion DEGEN (about $62 million), accounting for 10.3% of the circulating supply, with a total profit of $57.3 million. Some of them have been selling DEGEN for profit in the past 12 hours, allegedly causing the recent price drop.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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