Top Crypto Gainers Today on DEXScreener – KOKO, GODME, SHREK
As major cryptos edge back from their post-Fed meeting highs, traders looking to turn a quick profit are flocking to the on-chain shitcoins markets as they hunt top crypto gainers today.
Bitcoin (BTC) has slipped back to trade in the mid-$65,000s, now down 4% on the day.
Ether (ETH), meanwhile, is falling back towards $3,400, though both remain substantially above Wednesday’s lows.
But blue-chip cryptos struggle against a wave of profit-taking-driven sell pressure, many newly launched shitcoins and meme coins are pumping.
That is especially the case for new meme coins being launched on the Solana blockchain. Meme coin trading on Solana has exploded recently thanks to the blockchain’s low fees and fast transactions.
On-chain markets refer to the market for digital assets that have been issued directly on top an existing blockchain.
For example, the Shiba Inu (SHIB) token is issued on Ethereum as an ERC-20 token.
These tokens can then be traded on decentralized exchanges (DEX), and also perhaps on centralized exchanges if they get big enough.
They are often referred to as meme coin (or shitcoin) markets because virtually anyone can issue a token at any time.
As a result, these on-chain markets are replete with scams and pump-and-dump schemes.
But shitcoin markets are the only place to find tokens that can rally in the 50-100x region.
Here are a few of the top crypto gainers today on Solana that traders will be monitoring, as per DEXScreener.
A just-launched shitcoin called Koala AI (KOKO) has pumped up 380,000%, as per DEXScreener.
Its market cap was last around $16.2 million, with around $330,000 in locked liquidity.
Morevoer, the token has already seen nearly $5 million in trading volumes.
Those are very impressive numbers for a first
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