Contract: 8iv3587hczDp2g9vXEARcSpMkEX8ypyX1qfpK8FLqwpF
Overview
Degenerate Coin is a Solana token launched in the early hours of 25 August 2026, minutes after a post by Billy Markus, the Dogecoin co-creator who posts as Shibetoshi Nakamoto. It reached an all-time high of approximately $151,000.
Origin
At 2:16 AM on 25 August 2026, Markus posted to an audience of roughly 4.72 million followers: "i like how solana is just straight up the degenerate coin". The remark was a comment on the culture of the network rather than an endorsement of any particular token.
How the market developed
A token named "degenerate coin", ticker $DEGENERATE, was deployed on Pump.fun shortly after the post, using a purple logo styled after the Dogecoin symbol. It traded in a narrow band around $30,000 for the first part of its life before a sharp expansion carried it to an all-time high of approximately $151,000. It subsequently settled in the $110,000 to $130,000 range on roughly $30,400 of liquidity against a 966-million supply.
Assessment
The token is a standard reaction launch: a well-known account produces a memorable phrase, and a market is deployed against that phrase within minutes. Markus has no stated involvement with the token, and its valuation depends entirely on how long the original post remains in circulation.
