The Rise of Degen Trading

Market Background

The crypto trading landscape is evolving at breakneck speed. In 2024 alone, decentralized exchanges (DEXs) recorded a staggering $28.56 billion in daily trading volume. A significant portion of this activity- 32% mindshare -was captured by meme coins and low-cap tokens, underscoring the growing appetite for high-risk, high-reward opportunities among 'degen traders'.

Degen trading in crypto refers to activities of chasing quick gains by aping into hyped, low-cap, or meme tokens. It’s fast, risky, and kinda wild. Most degens rely on vibes, Twitter calls, or alpha groups, hoping to catch the next 10x pump before the dump.

The surge of degen trading is fueled by two key drivers:

• Explosive token launches: Platforms like Pump.fun saw 17.91 million transactions in just 24 hours, demonstrating a vibrant, fast-moving market of on-chain speculation.

• Emerging AI and sentiment tools: Traders are increasingly relying on platforms like Kaito.ai to gain an edge through real-time intelligence and crowd sentiment analysis.