The DEGEN token experienced a significant price increase of 6.5% after its listing on Binance Alpha, the research and discovery platform of the major cryptocurrency exchange.
This surge propelled DEGEN to a trading price of approximately $0.00397, resulting in a market capitalization nearing $93.13 million.
The listing on Binance Alpha has demonstrably increased investor interest and liquidity for the DEGEN token.
Such post-listing price volatility is a common occurrence for assets newly listed on prominent exchanges.
Strategic listings on major platforms like Binance Alpha are recognized for substantially enhancing a token’s visibility and driving higher trading volume.