We noticed that 8 out of the top 20 DEGEN-holding wallets, which now hold 1.29B DEGEN ($66.8M), or around 10.3% of the self-reported circulating supply, are gaining $62.08M in total profit from the token.

• Check out the entity Eight DEGEN top holders' PnLs

Some of these wallets have been selling DEGEN in the past 12 hours for profits, allegedly contributing to the recent price decline!

With the price of DEGEN having already impressively surged by over 200% (7D), leading the Base trend, will it be able to continue rising?

Watch out for when these wallets will dump more DEGEN by following @spotonchain and setting alerts for the entity of the 8 top holders above.

Fig 1. The individual PnL from DEGEN of the 8 top DEGEN-holding wallets.

Fig 2. The current DEGEN holdings of the 8 top DEGEN-holding wallets.