According to @uxuyzh, the platform is distributing 100 red envelopes containing 320 $DEGEN tokens each, valued at $2 per envelope, as part of their New Year celebrations. UXUY, backed by Binance Labs, currently runs a UP points program, rewarding users for daily tasks and on-chain transactions. This initiative could increase $DEGEN's visibility and trading volume, making it a point of interest for traders monitoring token distribution activities.

According to @EmberCN, UXUY's $UP points have been launched, available through trading, invitations, and daily tasks. The platform, backed by Binance Labs, Kucoin Ventures, and Bixin Ventures, offers a multi-chain DEX and wallet with millions of monthly active users. $DEGEN airdrops are also available, valued at $155 for 10,000 tokens.

According to @intotheblock, the number of active $DEGEN addresses nearly doubled in the last week, indicating a substantial rise in on-chain activity. This surge aligns with the recent price movement of $DEGEN, suggesting heightened trader interest.