$DEGEN 24-hour volatility reaches 41.5%: Meme coin sector pulls back with no specific catalyst

Volatility Overview

In the past 24 hours, the price of $DEGEN hit a low of $0.000721 and a high of $0.001020, currently quoted at $0.000988, with an amplitude of 41.5%. The 24-hour trading volume is about $1.84 million, with a market cap of approximately $27.3 million.

Brief Analysis of Abnormal Price Movement Reasons

- Overall correction in the meme coin sector: On May 13, $DEGEN fell by 3.03%, dragged down by the sharp pullback of long assets in the meme coin space, with no coin-specific events.

- No confirmed official announcements, large on-chain whale moves, or news-driven events within 24 hours.

Market View and Outlook

Community sentiment is neutral (50% bullish, 50% bearish). Analysts warn of high beta risk in meme coins; short-term movement may follow the broader market with no clear rebound catalyst.