Quick Take

• Symbol: DGEN
• Address: 5pFW6ziMXDg7GSnXYuqjdV96aMqmKxipazdYHQTubonk
• Network: Solana
• Category: Meme coin (community- and speculation-driven)
• Status: Commonly flagged “unverified” in wallets like Phantom and Solflare

DGEN on Solana is a meme token built to capture “degen” culture—high-risk, high-volatility trading with a strong emphasis on community and memes rather than traditional utility or a formal roadmap.

Note: The DGEN ticker is used by multiple, unrelated projects across chains. This article covers only the Solana token at the address above.

What DGEN Represents

In crypto slang, “degen” (short for “degenerate”) refers to traders who embrace high-risk, momentum-driven strategies. DGEN taps into that ethos. On Solana—where transactions are fast and cheap—meme coins can launch and trade quickly, making it an active venue for this kind of speculation.

Tokenomics and On-Chain Footprint

• Reported total supply: 100,000,000 DGEN (100M), with the same amount circulating as of July 31, 2025 (per one data snapshot).
• Holders: ~2,413 (snapshot figure).

Data across public trackers for this token can vary significantly. That’s common with newer meme coins because:

• Multiple tokens can share the same ticker.
• Different data providers may track distinct pools or rely on different indexing windows.
• Liquidity can move quickly, and market conditions can change intraday.

When analyzing tokenomics, always verify the contract address matches exactly and cross-check figures on multiple sources (e.g., Solscan).

Market Snapshots (vary by source/date)

Because figures for Solana meme coins change rapidly and sources may diverge, here are two distinct snapshots to illustrate the spread:

• Late July 2025 snapshot:

  • Market cap: ~$11M (fluctuating)
  • 24h volume: ~$22,301

• Mid-August 2025 snapshot:

  • Market cap: ~$66,856
  • FDV: ~$1.7M
  • Reported liquidity (DGEN/SOL on Raydium): ~$2.5K

Treat these as time-bound references rather than hard truths. Always re-check live data before acting.

Where to Trade and Track DGEN

You can access DGEN via multiple Solana-friendly venues. Always verify you’re using the correct address.

• Raydium (DEX): Active DGEN/SOL liquidity and swaps — raydium.io
• In-wallet swaps:
  • Phantom (buy/swap inside the wallet UI)
  • Solflare (built-in swap features)
• Market dashboards:
  • DEX Screener for live pairs/charts
  • Solscan for on-chain details
• Also recommended:
  • GMGN.AI token page for tracking and trading: https://gmgn.ai/sol/token/fV1R5sZ5_5pFW6ziMXDg7GSnXYuqjdV96aMqmKxipazdYHQTubonk

Safety tips when trading meme coins:

• Confirm the exact token address before swapping.
• Start with a small “test” trade.
• Watch slippage settings and liquidity depth.
• Prefer trusted front-ends and reputable wallets.

Risks to Understand

• High volatility: Prices are driven by sentiment and social buzz, not fundamentals. Sudden spikes and drawdowns are normal.
• “Unverified” flags: Prominent wallets/explorers may show this token as unverified, meaning it lacks formal registry approval or public audits.
• Rug-pull/scam risk: The meme coin arena has seen exploits and liquidity drains. Verify pool locks and liquidity health.
• Naming confusion: “DGEN/DEGEN” exists on other chains with different purposes. Always match the Solana address above.
• Market saturation: Solana’s meme coin scene is crowded, making sustained attention a challenge.

Not the Same as Other “Degen/DEGEN” Tokens

DGEN on Solana (address above) is distinct from:

• DEGEN on Base: The Farcaster community token with utility on Degen Chain — see Farcaster and Degen Chain.
• DGEN on Ethereum: ERC-20 tied to governance/utility for Degen DAO and Knights of Degen — see Degen DAO token on Etherscan.
• Other Solana “degen” projects with different addresses and purposes.

For Practitioners: What to Monitor

• Holders and distribution: Are unique holders growing? Are whales accumulating or exiting?
• Liquidity health: Pool size, lock ratio, and where liquidity sits (e.g., Raydium). Thin LPs can amplify slippage and volatility.
• On-chain activity: Transaction counts, buy/sell balance, and top wallet behavior.
• Community traction: Posts and engagement on X (Twitter), Telegram, and decentralized social platforms. Meme coins live or die on momentum.
• Ecosystem context: Solana’s low fees and meme-friendly tools (e.g., Pump.fun) accelerate cycles. Be mindful of narrative-driven flows.

Bottom Line

DGEN on Solana is a pure-play meme token: community-first, speculation-heavy, and often flagged as unverified. If you engage, treat it as high risk, verify the address (5pFW6ziMXDg7GSnXYuqjdV96aMqmKxipazdYHQTubonk), cross-check live data on multiple trackers, and practice strict risk management.