What is Degen Forest (MOOLA) Crypto Coin? Token, Wallet, and Real-World Risks

Ben Bevan 18 November 2025 9 Comments

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25% price drop prediction (to $0.0017)

Transaction Fee Burn: 33% of each trade

Important Risk Notice: This project has no working product, no verifiable team, and no real utility. The token price could drop to $0.0002 or lower with no recourse. This calculator is for educational purposes only - not financial advice.

Article Insight: The tool shows MOOLA's extreme volatility, but the article highlights that this token is a speculative gamble with high risk of total loss.

Degen Forest (MOOLA) isn’t a cryptocurrency you buy because it’s proven. It’s one you might consider because it promises something wild: a full digital banking system built for crypto degens, powered by a token that burns itself over time. But here’s the catch - after more than a year since its launch, there’s still no real proof it works.

MOOLA is an ERC-20 token on Ethereum, with a total supply of 600 million. At $0.002037 as of late 2025, it’s cheap. That’s the appeal. You can buy thousands of tokens for under $10. But low price doesn’t mean low risk. In fact, it’s often the opposite. MOOLA lives in the same space as dozens of other low-cap tokens that vanish after a hype cycle. And unlike tokens backed by real products - like Uniswap’s UNI or Polygon’s MATIC - MOOLA’s product is still mostly words on a website.

What Is Degen Forest Actually Trying to Build?

Degen Forest claims it’s building an ‘All-In-One Banking Suite’ called the Degen Wallet. According to their site, this wallet will let users send, receive, swap, and stake crypto - all while automatically burning 33% of every transaction fee to reduce MOOLA’s supply. That’s the core idea: make MOOLA scarcer by destroying it every time someone uses the system.

It sounds smart. Deflationary tokenomics have worked for some projects. But here’s the problem: no one has seen the wallet. Not even in beta. There’s no download link. No testnet. No GitHub repo. No developer documentation. Just a landing page with a video of a forest and a button that says ‘Join Beta.’

The team behind it? A ‘Tech Visionary’ who’s been a ‘degen since 2013,’ a ‘Master of Code’ who built robots on mainframes, and AJ, who claims to have helped Samsung and LG enter the Korean market. That sounds impressive - until you realize none of them have public profiles, LinkedIn pages, or past projects you can verify. In crypto, anonymity isn’t always bad. But when you’re asking people to trust you with their money, and you show zero traceable track record, it’s a red flag.

The MOOLA Token: Utility or Illusion?

MOOLA’s only real function right now is to be held. The website says it’s meant for ‘governance, staking, and ecosystem rewards,’ but none of those features exist. You can’t vote on anything. You can’t stake it. You can’t earn interest. You can’t even use it to pay for anything - because there’s nothing to pay for.

What’s worse? The NFT collection tied to Degen Forest has a floor price of 0 ETH. That means no one is buying them. Not even for free. In the NFT world, a zero floor price usually means one of two things: the collection is abandoned, or the metrics are fake. Given how little else about this project checks out, it’s hard to trust either.

Compare that to MetaMask, which has over 30 million users, or Trust Wallet with 20 million. They didn’t start with hype. They started with a working product. Degen Forest is betting everything on the idea that people will believe in a future that hasn’t been built yet.

Mock token card with forest design and handwritten doubts about MOOLA's functionality.

Where Can You Buy MOOLA? And Should You?

MOOLA is listed on a few smaller exchanges like XT.com and Binance. It’s not on Coinbase. Not on Kraken. Not on any major regulated platform. That tells you something. Big exchanges don’t list tokens without due diligence. They avoid projects that look like vaporware.

Price data from CoinCodex shows MOOLA is down 25% from its 7-day high. Their algorithm predicts it could drop another 25% by late November 2025 - to around $0.0017. That’s not a prediction. That’s a warning. Algorithmic models don’t guess. They analyze volume, liquidity, and community activity. MOOLA scores low on all three.

There’s no Twitter following to speak of. No Telegram group with real activity. No Reddit threads. No YouTube tutorials. No influencers talking about it. If a project has real momentum, people talk about it. MOOLA doesn’t have that. It has a press release from GlobeNewswire in June 2024 announcing its listing on XT.com. That’s it. That’s the entire news cycle.

Why Does This Still Exist?

Because there’s a market for it. The crypto world is full of people chasing the next 100x. They don’t care if the project is real. They care if it’s cheap, loud, and has a story. Degen Forest’s story is simple: ‘Freedom meets the Future of Finance.’ It’s vague. It’s emotional. And it’s designed to trigger FOMO.

It’s also playing into a real trend: the rise of ‘degen’ culture. Chainalysis reports that 68% of daily crypto volume comes from speculative traders. These are people who buy tokens based on memes, hype, and Discord rumors. Degen Forest isn’t trying to appeal to investors. It’s trying to appeal to gamblers.

And that’s fine - if you know what you’re doing. But most people don’t. They see a token at $0.002, think ‘I can buy a million of these,’ and assume that means they’re getting in early. They forget that a token can go from $0.002 to $0.0002 just as fast. And when it does, there’s no customer support. No refund policy. No recourse.

Diagram of MOOLA ecosystem with dead-end branches and question marks, stylized as ink sketch.

The Bigger Picture: Crypto’s Wild West

Degen Forest isn’t unique. It’s one of hundreds of similar projects launched every month. Some will survive. Most won’t. The difference? Real teams build in public. They post code. They update roadmaps. They respond to criticism. Degen Forest doesn’t. They post a logo. A mission statement. And a beta sign-up form.

The digital wallet market is worth billions. MetaMask, Trust Wallet, Phantom - they all grew because they solved real problems. Degen Forest claims to solve the same ones, but without the product. That’s not innovation. That’s marketing.

And then there’s regulation. The EU’s MiCA rules and the SEC’s crackdown on unregistered securities are changing the game. Projects that don’t disclose their team, their tech, or their compliance strategy are playing with fire. Degen Forest doesn’t mention any of that. Not once.

Final Verdict: Don’t Invest - Unless You’re Willing to Lose It All

Is Degen Forest (MOOLA) a scam? Not necessarily. But it’s not a project either. It’s a speculation engine. A lottery ticket wrapped in blockchain jargon.

If you’re looking to learn about crypto, don’t start here. If you’re looking to build a portfolio, avoid it. If you’re looking for a safe place to store your crypto, this wallet doesn’t exist.

But if you want to gamble $10 on a dream - and you’re okay with losing it - then go ahead. Buy a few thousand MOOLA tokens. Join the beta. Wait for the moon. And when it doesn’t happen? At least you’ll know you didn’t buy into something real. You bought into a story.

That’s the truth about Degen Forest. It’s not about finance. It’s about fantasy. And in crypto, fantasy is the most expensive currency of all.