$DEGEN was created just an hour ago with a market cap of $73,680.88, indicating potential volatility. The trading volume in the last 6 hours is $15,853.94, with 64 buys and 31 sells, showing active trading. However, the price has dropped by 27.23% in the same period, which is concerning. Liquidity stands at $35,613.85, which is decent for a new coin.

The distribution among holders is varied, reducing the risk of a single entity controlling the supply. However, the market cap is relatively low, which could lead to price swings. 

Given the current data, I would invest in $DEGEN, hoping for a quick flip, but with caution due to the recent price drop.