Biggest Crypto Gainers Today on DEXTools – TOM, VARA, CHART

cryptonews.com:

A tech-led sell-off in the US stock market has been picking up pace this week as long-term US bond yields vault higher in wake of continued strong US economic data and Fitch’s recent downgrade of the US government’s credit rating, but this is yet to translate into material downside in the crypto market.

Indeed, the likes of bitcoin (BTC) and ether (ETH) continue to go sideways within familiar ranges, with BTC just above $29,000 and ETH just below $1,850.

Rangebound trade is likely to continue ahead of the release of the key monthly US jobs report on Friday, though crypto’s recent disregard for macro themes suggests that volatility may remain low.

With price action in blue chip crypto markets subdued, crypto traders 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 meme coin based on Grand Theft Auto game franchise character Tommy Vercetti called $TOM has exploded higher since its launch earlier on Thursday.

$TOM was last trading around $0.0000055, up nearly 4x versus its decentralized exchange launch price of around $0.00000155 and has attained a market cap of around $550,000, with an impressive $500,000 in liquidity and over 100 holders, as per DEXTools.

While DEXTools’ GoPlus security audit of the token’s contract reveals nothing concerning, liquidity isn’t locked, meaning the possibility of a rug pull remains.

Indeed, DEXTools has a warning message at the top of its $TOM page saying the token might be a scam, so any potential investors should be very cautious.

$VARA, the token of Equilibre, which claims to be a smart contract protocol, has pumped up over 200% in the last 24