Market cap data from Raydium or other major cryptocurrency tracking platforms

DeGods Launches $DEGOD Token, Market Reacts with 30% Increase to 34 SOL, $70 Million Cap

Sep 15, 2024, 03:41 PM

DeGods, a prominent NFT collection, has announced the launch of a new token, $DEGOD, which simplifies the ecosystem into one asset. The token can be acquired through various methods, including swapping DeGods NFTs for 550,000 tokens each, burning Y00ts for 120,000 tokens each, or burning $DUST for 36 tokens each. Additionally, 3% of the token supply will be available for purchase on a bonding curve, and the remaining supply will be available on the market once the bonding curve fills. The announcement has led to significant market activity, with DeGods NFTs increasing by 30% to 34 SOL, Y00ts rising by 60% to 8.15 SOL, and $DUST market cap increasing by 60% to $6.65 million. The $DEGOD token briefly reached a market cap of $330 million before settling around $70 million. The token is now live on Raydium and is part of the 404 meta, with trading available on Sniper.