$DEGEN Hits $4 Million Market Cap With App Store, Google Play Launch

$DEGEN, a new play-to-earn (P2E) gaming and meme token on Ethereum, has rapidly gained traction following its launch, securing listings on both the Apple App Store and Google Play, and experiencing a dramatic surge in market cap and trading volume. Initially priced at $0.012, $DEGEN saw its market cap rise from $1.7 million on June 12, 2025, to over $6 million by June 14, 2025, reflecting strong retail and social media-driven interest amid broader crypto market volatility. The token's momentum is notable as it bucks the trend of a declining meme coin sector, with spikes in trading volume on decentralized exchanges like Uniswap indicating heightened speculation and FOMO among retail traders. The broader macro environment, including gains in tech-heavy stock indices and rising activity in Ethereum-based projects, has further fueled investor appetite for high-growth, high-risk assets like $DEGEN. Meanwhile, social media teasers from influential crypto figures and newsletters, such as Milk Road hinting at '100x' opportunities, continue to drive speculative interest in altcoins and meme tokens. Overall, $DEGEN's early growth exemplifies the interplay between product launches, market sentiment, and cross-market correlations that are shaping crypto trading strategies in 2025.