DEGEN plunged roughly

↘18%

over the past week as the

for August 31 triggers an exit wave.

Shutdown deadline drives selling

DEGEN dropped roughly

↘18%

over the past week with more than 2 times as many sellers as buyers over the past day, as investors rush to move their holdings off the chain before the August 31 deadline.

Trailing memecoin peers sharply

DEGEN's roughly

↘18%

weekly decline significantly underperforms the memecoin category's roughly

↘2.5%

drop over the same period, while the roughly

↘17%

monthly slide reflects sustained pressure from the shutdown uncertainty.