Tonight’s Minting Event for Degn NFTs: Bullish News for $DEPIN Holders

At 9 PM tonight, Degn will open the mint for its NFT, marking a significant event for $DEPIN holders. Here’s why this is great news:

1. Buyback Plan:

The team plans to use the profits from selling the hardware (the “machines”) to buy back $DEPIN tokens on the market. These tokens will then be airdropped to machine owners.

2. Upcoming TGE on Hyperliquid:

It’s highly likely that $DEPIN token generation event (TGE) on Hyperliquid will happen soon, potentially this week. This aligns with the interaction between the machines and the tokens as previously announced.

Details on the NFT Minting Event

• Price: 2.69 $SOL per machine.

• Features: The machine functions as a hardware wallet with a screen and buttons for long/short operations.

• Airdrops: $DEPIN will be airdropped to machine holders, and there are predictions of additional rewards from Berachain and Gmove.

• Minting:

• Requires a whitelist (first come, first serve).

• Limited to 1,696 machines.

• After minting, complete a form to ship the machine to Vietnam.

Market Outlook for $DEPIN

For those looking to increase their holdings:

• It’s unlikely $DEPIN will return to its 5M valuation after listing.

• If listed below 10M, it’s a strong buy opportunity.

• A quick sell-out of the mint would signal bullish sentiment and potentially push $DEPIN’s valuation higher.

The team is aligning well with current market trends by avoiding inflated listing caps and adopting a fair play approach with low caps and community-focused growth.

I’ll review the machine when mine arrives and share updates with everyone!