As major cryptocurrencies succumb to profit-taking following strong recent gains, crypto degenerates hunting for quick gains continue to scour the on-chain micro-cap shitcoin/meme coin markets for top crypto gainers today.
Bitcoin (BTC) was last down just over 2.5% on Wednesday and trading just below $51,000.
Ether (ETH), meanwhile, was last trading with losses of around 3.5% near $2,900, having pulled back from above $3,000.
Profit-taking is overdue in wake of impressive gains for major cryptos that has primarily been driven by optimism surrounding ETFs.
BTC is up 22% in 30 days, while ETH is up around 17.5% over the same time period as per CoinMarketCap.
With the rally in blue-chip cryptos taking a breather, crypto degens are eyeing up top crypto gainers today in the micro-cap shitcoins/meme coin market.
Thanks to their tiny market caps and liquidity, these coins can be very volatile.
Micro-cap shitcoins can easily rally 10x or dump 90% in one day.
Here are the top crypto gainers today on Ethereum that degens will be monitoring, as per DEXTools.
A newly launched Trump-themed meme coin called Trump ($TRUMP) has pumped nearly 30,000% since its launch today, as per DEXTools.
Its market cap was last around $4 million, with around $300,000 in liquidity.
That’s impressive stuff for a first day of trade.
But investors should be very cautious of this coin given the five smart contract alerts identified by DEXTools.
Recently launched Telegram-based privacy-focused crypto exchange Anonify ($ONI) is up 20,000% in 24 hours.
Its market cap was last around $1.3 million with around $174,000 in locked liquidity, as per DEXTools.
Given locked liquidity and only two smart-contract alerts, the token probably isn’t a scam.
But the token does have a 4%
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