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.