Degen level: measuring the risk-chasing index
"Degen" gets thrown around as an insult and a badge of honor. On-chain analysis turns it into a number you can actually defend — an index of how aggressively a wallet chases risk.
What feeds the index
- Speculative token exposure — share of volume in memecoins and launchpad tokens.
- Frequency in launch windows — how often the wallet buys within minutes/hours of a launch.
- Position volatility — how much of the balance is riding volatile assets at once.
- Turnover speed — how fast capital rotates through speculative assets.
- Drawdown persistence — continued risk-taking after losses.
The scale
SIGBOT reports degen level on a bounded scale (0–100) with visible thresholds:
- 0–30 — conservative, risk-averse behavior.
- 31–60 — balanced; occasional speculative bets.
- 61–85 — actively chasing; notable speculative share.
- 86–100 — maximum exposure; launches, memes, rapid rotation.
Why a precise index beats a label
Two wallets can both be called "degenerates" — one chasing mid-caps weekly, one all-in on a single memecoin launch. The index plus the supporting metrics separates them. You know how much risk and what kind.
The explainable bottom line
Every degen score lists the contributing metrics. If you want to reduce the number, the report tells you exactly which behaviors move it — because the behaviors are the metric.