Top Crypto Gainers on DEXTools Today – X, KITE, SHAUN
Broader cryptocurrency markets remain subdued, with bitcoin (BTC) trading just above $29,000 and ether (ETH) still in the mid-$1,800s ahead of the upcoming US Federal Reserve policy announcement on Wednesday.
Given the lack of good trading opportunities in blue-chip names, degens continue to parse through the highly speculative meme coin market for coins that could deliver some tidy near-term profits.
Here are some of the top-gaining Ethereum-based coins of the day, as per DEXTools.
In wake of Elon Musk’s rebranding of Twitter to “X”, which will allegedly be an everything application that includes advanced financial services, dozens of shitcoins of the same name have sprung up and meme coin degens have been piling in.
X (X) is the latest such shitcoin and, as per DEXTools, has already sprung up 150x versus its decentralized exchange (DEX) launch price.
The token currently has a market cap of around $300,000, has already seen an impressive trading volume of over $50,000 in just a few hours and has already garnered over 300 holders.
The token has a pretty decent 85/99 DEXTscore and doesn’t seem to be a scam, although the token is almost certainly just another pump and dump trying to piggyback of the recent Twitter rebranding.
Be aware of a scam coin called Kite (KITE) which sits near the top of the DEXTools gainers list.
KITE is up 100x versus when trade was enabled earlier on Tuesday.
The chart shows an impressive near-constant line higher for its price.
But KITE comes with a hitch.
The token contract has a 100% sell tax attached to it, according to DEXTools’ audit.
So if you buy KITE, even if its price goes up, you will lose everything when you sell.
Stay away from this coin and always make sure to scrutinize DEXTools’ audit before
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