Biggest Crypto Gainers Today on Uniswap – PNDC, SPX, MOG
The biggest crypto gainers today on Uniswap are $PNDC, $SPX and $MOG, while blue chip cryptocurrency markets are mixed on Wednesday in wake of the SEC’s approval of multiple spot Bitcoin ETFs.
Bitcoin (BTC) is choppy just under $46,000, with traders looking ahead to the launch of spot ETF trade on Thursday.
Ether (ETH), meanwhile, has pumped up over 7.5% and is leading an altcoin rally.
The overall crypto market’s total capitalization is up just over 2% in the last 24 hours to $1.71 trillion.
While the broader crypto market is performing well, the biggest crypto gainers of the day can be found on Uniswap.
Uniswap is a decentralized exchange (DEX) where web3 users can trade tokens issued on major blockchains like Ethereum.
Generally, these markets are much more illiquid and volatile than the markets for major cryptocurrencies.
Moreover, tokens trading on Uniswap generally have a much lower market capitalization than blue chip coins.
That being said, here are some of the biggest crypto gainers today on Uniswap.
A shitcoin called PondCoin ($PNDC) has pumped up 160% in the past 24 hours, according to Uniswap.
That makes it one of the best-performing low-cap coins of the day.
As per DEXTools, its market cap was last $11 million, with $7.4 million of 24-hour trading volumes.
The token has close to $600,000 in liquidity and 15,700 holders.
Its latest rally comes as the price attempts a rebound from a recent severe dip.
Investors should be cautious that it could be nothing more than a dead cat bounce.
Another shitcoin called SPX6900 ($SPX) has pumped up an impressive nearly 50% in the past 24 hours, as per Uniswap.
Its market cap was last around $9.66 million, with 24-hour trading volumes of $615,000, according to DEXTools.
The token also has
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