Top Crypto Gainers Today on DEXTools – OPSEC, ANVA, ORBT
Blue chip cryptocurrency markets are mostly lower on Wednesday amid a fresh flushing out of leverage that may have been triggered by FUD relating to the imminent expected approval of spot Bitcoin ETFs in the US, as well as potentially by macro headwinds as US stocks pull lower and US yields/the US Dollar rise at the start of 2024.
Bitcoin (BTC) dipped back under $43,000, down close to 5% in the past 24 hours after hitting fresh 21-month highs near $46,000 on Tuesday.
Ether (ETH), meanwhile, was down closer to 6% over the past 24 hours and back in the low $2,200s, while Solana (SOL) was down around 7%, XRP (XRP) down about 6% and Cardano (ADA) down about 9%.
Binance Coin (BNB) was a rare gainer, up just over 2% in the past 24 hours.
With major cryptos pulling back from multi-quarter highs at the start of 2024, traders looking to turn a quick profit will continue to turn to the highly volatile and illiquid low-cap shitcoin/meme coin markets.
Here are some of the biggest gainers on the Ethereum blockchain, according to Decentralized Exchange (DEX) analytics and surveillance platform DEXTools.
OpSec ($OPSEC)
A newly launched shitcoin called OpSec is up over 74,000% in the past 24 hours, according to DEXTools, making it the best performer on the day.
It last had a market cap of just under $4 million, with over $2 million in volumes having changed hands in the past 24 hours, with around $260,000 in locked liquidity and with 532 holder, impressive stats given it only launched on Wednesday.
Investors should still exercise caution, with DEXTools’ security audit revealing the token has a 5% buy and sell tax, plus a few other concerning aspects to its smart contract.
Another just-launched shitcoin called AlphaNova ($ANVA) is up over
