Top Crypto Gainers Today on DEXScreener – FWUG, SED, ZHOA
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
While it was a fairly tame/mixed day in major crypto markets, as traders await a key speech from Fed Chair Jerome Powell on the monetary policy outlook this Friday, micro-cap on-chain DEX markets were ablaze, with some top crypto gainers today notching huge exponential gains.
Anyone can issue a new coin in the on-chain DEX markets.
And that means hundreds of new coins are popping up every day, the vast majority being either scams, rug pulls or pump-and-dumps.
Even if a coin isn’t a scam, and is backed by a promising, legitimate project, risks are still high.
That’s because almost non-existent liquidity means that small buy/sell orders can trigger huge price moves.
These moves can easily catch traders off guard. It’s not uncommon for a coin to pump 10x then dump 90% within a few hours.
As a result, the top crypto gainers of each day are almost always to be found in on-chain DEX markets.
Traders often use tools like DEXScreener as they search for top crypto gainers today.
Here are some trending coins that traders will likely be monitoring, per DEXScreener.
A new Solana meme coin called FWUG (FWUG) is enjoying a strong pump, gaining 250% in the past 24 hours per DEXScreener.
The coin’s market cap is still at a modest $200,000, meaning plenty of room left to run to the upside.
That said, it has just $46,000 in locked liquidity. A tiny sell order (say $10,000) could crash the price by a large amount.
Traders must do their due diligence before buying, and must never risk more than they can afford to lose.
Another Solana meme coin called
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