According to Odaily, the cryptocurrency DEGEN has experienced a significant increase in value, breaking through the 0.02 USDT mark to reach 0.02206 USDT. This represents a 24-hour increase of 30.6%. This surge in value comes after the news that Farcaster, the company behind the front-end client Warpcast that DEGEN is based on, successfully secured funding of $150 million. DEGEN is a meme coin project that was born out of Warpcast.