As blue-chip crypto markets remain stuck within familiar ranges, with bitcoin (BTC) in the low $29,000s and ether (ETH) in the mid-$1,800s ahead of a week lacked with key US economic data releases, things are heating up in the meme coin market.
A new meme coin called $BALD that was launched on Coinbase’s layer-2 Ethereum scaling blockchain Base got a lot of attention over the weekend, reaching a market cap of as much as $100 million earlier in the day, before losing most of its value after the token’s developer pulled liquidity.
With price action in blue chip crypto markets subdued, degens unsurprisingly continue to hunt for volatility and the prospect of short-term gains in the meme coin/shitcoin market.
Here are some of the top-gaining Ethereum-based coins of the day, as per DEXTools.
A new meme token $BUU, which is based on the iconic character Majin Buu from the Dragon Ball Z anime series and aims to create a fun and engaging community for fans of Majin Buu and cryptocurrency, has been pumping since its decentralized exchange (DEX) launch a few hours ago.
At its last price of around $0.0000065, $BUU was last up over 200% or more than 3x versus its DEX launch price of under $0.000002, and the token seems to be gaining momentum, as per DEXTools.
It is approaching 100 holders and has already seen nearly half a million in trading volumes, with a market cap of already around $450,000.
The DEXTScore is high at 90/99, with DEXTools’ GoPlus Security check showing that the token’s contract has been renounced, it isn’t a honey pot, there is no buy or sell tax.
However, there does appear to be a blacklist function that means wallets might not be able to trade normally.
Moreover, liquidity hasn’t been locked yet, so there is still risk
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